Islami Bank organises Executive Development Program

Islami Bank Training and Research Academy (IBTRA) organised an Executive Development Program on 'Islamic Banking Liquidity Management & Fintech' on Wednesday at Islami Bank Tower.

Mohammed Monirul Moula, Managing Director and CEO of the bank, addressed the programme as the session chair, while Dr Obiyathulla Ismath Bacha, Professor of School of Graduate and Professional Studies, INCEIF University, Malaysia, discussed Islamic Banking Liquidity Management, and Dr Ali Zhang, Assistant Professor, discussed Islamic Fintech, according to a media release. 

Mohammad Qaisar Ali, Additional Managing Director, addressed the welcome speech.

J Q M Habibullah, FCS, and Md Altaf Hossain, Additional Managing Directors, Mohammed Shabbir, and Kazi Md Rezaul Karim, Deputy Managing Directors, along with senior executives of Head Office, participated in the programme.

The heads of all zones and branches participated in the programme through the Zoom platform.

Professor Dr Obiyathulla Ismath Bacha stated that Islamic banking is expanding rapidly all over the world alongside the expansion of the Islamic money market.

However, Islamic banking's penetration into the broader financial market remains limited compared to conventional banking. Nevertheless, the spread of Islamic banking is wide, the release says.

Dr Ali Zhang highlighted the significant contribution of Fintech to financial inclusion in the era of the fourth industrial revolution.

He emphasised the need to adopt modern technologies like AI, blockchain, and big data to streamline and enhance the reliability of banking activities. He commended the technological advancements developed by Islami Bank.

Muhammed Monirul Moula, in his speech as session chair, noted that, in the current context, Islami Bank is doing liquidity management efficiently. He further commended the bank's commitment to Fintech, prioritising customer convenience. 

He also pointed out that Islami Bank's Cellfin app is currently the most popular and widely used mobile banking application in the country.

Finally, he concluded by emphasising the important role technology-based services offered by Islamic banks play in expanding the Islamic money market and promoting financial inclusion, the release adds.