Monday World Business News

AB Bank launches 3 Islamic products Staff Correspondent
AB Bank has launched three Islamic banking products to cater the need of its customers. The products are especially designed for the customers who prefer Islamic banking and those will be popular among the clients, said Kaiser A Chowdhury, president and managing director of the AB Bank, at the products launching ceremony held at the bank’s Islamic branch at Kakrail in Dhaka on Sunday. The products are Mudaraba Millionaire Scheme, Mudaraba Quarterly Profit Scheme and Mudaraba Hajj Deposit Scheme. The AB Bank Islamic banking branch at Kakrail also went to online banking system Sunday. Sajedur Seraj, vice-chairman of the AB Bank, inaugurated the online banking facilities. With introduction of the online banking system at the AB Bank Islamic branch, it is now integrated into the bank’s online services as the branch will have connectivity with seven of its general branches across the country. Directors and senior officials of the AB Bank were also present on the occasion.