Regulatory Alerts2009-11-09
Added · Updated
BRPD Circular No. 15: Guidelines on Islamic Banking
The guidelines require all scheduled banks in Bangladesh to comply with Shariah-based Islamic banking standards by 31 December 2009 and submit a compliance report to the Banking Regulation & Policy Department by 31 January 2010. These guidelines serve as supplementary rules to existing banking laws, with the Banking Companies Act, 1991, and Companies Act, 1994 prevailing in cases of contradiction. Bangladesh Bank will monitor compliance through on-site inspections.
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