Al-Arafah Islami Bank Limited launched 'Islamic Wallet' – a Shariah based Digital Financial Service with D Money Bangladesh Limited as strategic partner to facilitate transactions with Digital Financial Service through mobile phone.
This is the country’s first Shariah based Digital Financial Service through mobile phone. The new wallet will facilitate all kinds of financial transactions, bill payment and account management, said a press release.Governor of Bangladesh Bank Fazle Kabir inaugurated Islamic Wallet in the Grand Ballroom of Le Meridien Hotel on Tuesday. Chairman of the Bank Abdus Samad Labu and Managing Director and CEO Farman R Chowdhury addressed the programme.
Representatives of the Islamic Financial Services Board (IFSB), Deputy Governors of Bangladesh Bank, Al-Arafah Islami Bank Limited Board of Directors, Deputy Managing Directors, Senior Executives, Executives of Bangladesh Bank, clients and media representatives were present at the event. Senior Executive Vice President and CTO of the Bank Syed Masodul Bari and Co-Founder & Managing Director of D Money Bangladesh Limited Aref R. Bashir jointly introduced the features of Islamic Wallet.