✉news BusinessBanking first seen 3 h ago, last 22 min ago, peak #26
IPDC Finance cleared to launch Islamic finance window
Original: IPDC Finance gets central bank nod to launch Islamic finance window
Bangladesh Bank has approved IPDC Finance to open an Islamic finance window, allowing the non-bank financial institution to offer Shariah-compliant products alongside its conventional services. The move broadens IPDC's product range and taps growing demand for Islamic financing in Bangladesh, where Shariah-compliant banking holds a substantial market share. It is among the first such approvals for a finance company in the country.
Why now: The central bank approval is a notable regulatory milestone for Islamic finance in Bangladesh's non-bank sector.
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Evidence
- IPDC Finance gets central bank nod to launch Islamic finance window · The Business Standard
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