Islami Bank launches 3 new foreign currency accounts

Islami Bank Bangladesh PLC has launched 3 new foreign currency accounts to facilitate the diversification of savings and investments of expatriate Bangladeshis. Chairman of the bank and Executive Director of Bangladesh Bank Mohammad Zahir Hossain 4 The account was officially inaugurated as the chief guest at Islami Bank Tower on Wednesday, November 2026. The three new foreign currency accounts are; Mudaraba Non- Resident Convertible Taka (NRCT) Savings Account, Al Wadiyah Non Resident Convertible Taka( NRCT) Current Account, Mudaraba Non- Resident Convertible Money (NRCT) Term Deposit Account. The program was presided over by the Bank's Managing Director (Acting) Md. Altaf Hussain....

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Islami Bank Bangladesh PLC has launched 3 new foreign currency accounts to facilitate the diversification of savings and investments of expatriate Bangladeshis. Chairman of the bank and Executive Director of Bangladesh Bank Mohammad Zahir Hossain 4 The account was officially inaugurated as the chief guest at Islami Bank Tower on Wednesday, November 2026. The three new foreign currency accounts are; Mudaraba Non- Resident Convertible Taka (NRCT) Savings Account, Al Wadiyah Non Resident Convertible Taka( NRCT) Current Account, Mudaraba Non- Resident Convertible Money (NRCT) Term Deposit Account. The program was presided over by the Bank’s Managing Director (Acting) Md. Altaf Hussain. He delivered the welcome speech Additional Managing Director Dr. M Kamal Uddin Jasim . Md. Moniruzzaman, Head of Offshore Banking Unit, presented a brief information on the accounts. At this time, the bank’s senior executives, all zone heads, branch heads and foreign foreign exchange in-charges and The in-charges of the sub-branches were connected to the virtual platform. Speaking as the chief guest, the bank’s chairman Mohammad Zahir Hossain said, “Islami Bank Bangladesh PLC has been at the top of the country’s remittance flow for a long time, contributing about 17 % to the country’s remittances. The bank’s contribution to the country’s economic development and foreign exchange reserves is also significant. He further said that by launching three new NRCTA accounts, more opportunities have been created for expatriate Bangladeshis to save and invest their foreign exchange earned money in the country. In addition to earning profits in a Sharia-compliant manner, these accounts also provide the facility of remitting capital and profits abroad and managing accounts digitally. This initiative will play a role in increasing remittance flow through legitimate banking channels, ensuring financial security of expatriates, and strengthening the country’s foreign exchange reserves.”