The 68th Meeting of the Executive Committee of the Islamic Banks Consultative Forum (IBCF) was held on Tuesday, September 23, 2025, in the Board Room of First Security Islami Bank PLC. The meeting was presided over by Mohammad Abdul Mannan, Chairman of IBCF and First Security Islami Bank PLC.
In the meeting, various important issues related to Islamic banking were discussed such as payment of Excise Duty on each & every deal in case of Islamic banking system as per instructions of NBR will create indiscrimination between the clients of Islamic & traditional system. In addition to this, the issue of ISR (Income Sharing Ratio) as a mode of profit distribution system with the Central Bank is also an important issue which needs to be settled. The meeting decided to take up the issues with the concerned authorities of the Government & the central bank to resolve these issues. The meeting was attended among others by Mohammed Nurul Amin, Chairman, Global Islami Bank PLC, Khwaja Shahriar, Chairman, Al-Arafah Islami Bank PLC, Md. Farid Uddin Ahmed, Chairman, Union Bank PLC, Prof. M. Sadiqul Islam, PhD, FCMA, Chairman, Social Islami Bank PLC, Nurul Islam Khalifa, Chairman, Executive Committee, Global Islami Bank PLC, Mosleh Uddin Ahmed, Managing Director, Shahjalal Islami Bank PLC, Md. Omar Faruk Khan, Managing Director, Islami Bank Bangladesh PLC. and Jahangir Alam, Assistant Secretary, IBCF.
Islamic Banks Consultative Forum (IBCF), the apex body of Shariah based Banking Industry working in Bangladesh started its operation on 11 October 1995 to establish effective interaction among all Islamic Banks and Banks having Islamic Banking branches, to march to the same goal.
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