Dhaka, Bangladesh (BBN) – Islami Bank Bangladesh Ltd is emphasising SME and retail banking at the Banking Fair Bangladesh-2015 to create new entrepreneurs and speed up its expansion.
The bank has recently introduced a SME lending product namely “Women Entrepreneur Investment Project”, Kazi Md Ismail, senior principle officer of the IBBL, told the BBN during the ongoing Banking Fair Bangladesh 2015.
Bangladesh Bank Governor Dr Atiur Rahman inaugurated the five-day long banking fair on Bangla Academy premises in Dhaka on Tuesday.
Under the lending product, the women entrepreneurs will be allowed to receive loan between BDT 5 lakh and BDT 50 lakh paying 11 per cent interest.
The bank is also highlighting its ‘Khidmah Credit Card’ which is now being operated in line with the shariah-based banking.
The ceiling of the credit card is BDT 2 lakh.
The IBBL is now offering Salary Card to the industrial workers so that they withdraw their salary from the bank’s ATM booth easily.
The bank will provide the salary card to the workers of a company after signing an agreement with the owners of the enterprise.
The bank is also encouraging the clients to use the IBBL’s e-payment gateway namely ‘iPaysave’ for online shopping.