B Mirror Report: United Finance Limited, a non-bank financial institution listed on the stock market, is set to introduce Shariah-compliant financial services. The company has already received in-principle approval from Bangladesh Bank to operate the window, according to sources at the Dhaka Stock Exchange (DSE).
According to information published by the company, the central bank granted in-principle approval on March 8 for United Finance to launch the Islamic Finance Window.
However, the approval comes with certain conditions. Notably, the company must amend the relevant clauses in its Memorandum and Articles of Association. Once these changes are completed, the company will be formally allowed to conduct Shariah-compliant financial activities.
The company stated that through this Islamic Finance Window, it will provide Shariah-compliant financial services alongside its existing conventional financial operations. This will enable United Finance to offer both conventional and Islamic financial services under the same organization in the future.
