Press Release

Dhaka, 11 October, 2021:

A half day long online Research workshop was held at the Bangladesh Institute of Bank Management (BIBM) on 11 October, 2021. Mr. Ahmed Jamal, Chairman of BIBM Executive Committee and Deputy Governor of Bangladesh Bank was present in the research workshop as the chief guest. Dr. Mohammad Kabir Hassan, Professor of New Orleans University of USA was present in the research workshop as the special guest.

Mohammed Sohail Mustafa CFA, Associate Professor & Director (Training & Certification Program) of BIBM delivered welcome address. Dr. Md. Akhtaruzzaman, Director General of BIBM Chaired the Program. A paper “Introducing Sukuk in Bangladesh: Key Issues”  was presented in the research workshop by Dr. Md. Mahabbat Hossain, Assistant Professor of BIBM.

Other members of the research team are Mohammed Sohail Mustafa CFA, Associate Professor & Director (Training & Certification Program) of BIBM; Md. Alamgir, Associate Professor of BIBM; Md. Abdullah Sharif, Secretary General of Central Shariah Board for Islamic Banks of Bangladesh (CSBIB); Mezbah Uddin Ahmed, Researcher of ISRA (Malaysia).

Dr. Barkat-e-Khuda, Dr.  Muzzafer Ahmed Chair Professor of BIBM & Former  Professor of Dhaka University; Arastoo Khan, Former Secretary of Economic Relations Division and Managing Director & CEO of Impress Capital Limited; Syed Tariquzzaman, Executive Director of Bangladesh Bank; Mohammed Monirul Moula, Managing Director & CEO of Islami Bank Bangladesh Limited made comments as designated discussants.

Deputy Governor said that Sukuk mechanism has some challenges in Bangladesh. Despite having a thriving industry, Bangladesh is yet to formulate a comprehensive legal and regulatory framework for Islamic finance he added.

Director General of BIBM said, findings of the study along with opinions and observations made today will help BB to take future actions.

A good number of participants including senior bank executives, academicians, media representatives, faculty members of BIBM took part in the online research workshop.