| 04.06.2012 - Islamic banks get separate call money market |
| A new type of call money market -- Islamic Inter-bank Fund Market (IIFM) -- for sharia-based banks started its journey. In such a market, transactions are based on profit instead of interest. Bangladesh Bank Governor Atiur Rahman inaugurated the IIFM at the central bank. On the first day, Islami Bank Bangladesh Ltd offered funds worth Tk 100 crore, while four banks applied for taking Tk 60 crore from the funds...............................................Full Article: Source |