City Bank enters Islamic Finance’s global platform
City Bank has joined the global platform of Islamic financial organizations – AAOIFI, primary responsible for development and issuance of standards for global Islamic Industry. Bahrain-based AAOIFI or Accounting and Auditing Organization for Islamic Financial Institution, is recognized as Islamic banking standard issuer globally.
Chief Economist and Country Business Manager (CE &CBM) of City Bank, Mr. Md. Ashanur Rahman received the membership award and certificate from AAOIFI Trustee Board Chairman Shaikh Ebrahim Bin Khalifa Al Khalifa at an event in capital city Mananma recently. Mr. Arup Haider, Head of Retail Banking and Mr. Abdullah Sharif, Muraqib of City Bank were also present in the ceremony.
Became member of AAOIFI, City Bank is now moving ahead of offering Islami banking solutions for its clients taking into consideration the international standards and practices which comply with Islamic Shari’ah rules.