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Mercantile Bank Islamic Banking
Alhamdulillah, Mercantile Bank is going to start its 'Islamic Banking Operations' with the aim to serve the customers who prefer Islamic Shariah based Banking and committed to Islamic lifestyles. Keeping the ever increasing interest of the largest community in mind, the Board of Directors of MBL has decided to go for Islamic Banking operations. In Mercantile Bank, it will be window operation at the branches. Islamic Banking operations will be operated parallel, with the Conventional Banking in the branches.
The brand name of Mercantile Bank Islamic Banking is 'Taqwa'. Mercantile Bank has already been obtained formal permission from Bangladesh Bank for Islamic banking window operations. In this connection, the Shari'ah Council has been constructed and the separate Islamic Banking software has been arranged. Infrastructural facilities at branches and other preliminary arrangements for ‘Islamic Banking Window’ are in process. We are very much confident that we will go live very shortly.
Initially, Islamic Banking will be operated in the following 10 (ten) selected branches and gradually, it will be extended all over the country through MBL's Branch network-
Main Branch Islamic Bank Window, Dhaka
Dhanmondi Branch Islamic Bank Window, Dhaka
Uttara Branch Islamic Bank Window, Dhaka
Agrabad Branch Islamic Bank Window, Chattogram
Banglabazar Branch Islamic Bank Window, Noakhali
Chowmuhani Branch Islamic Bank Window, Noakhali
Faridganj Branch Islamic Bank Window, Chandpur
Feni Branch Islamic Bank Window, Feni
Barisal Branch Islamic Bank Window, Barisal
Damudya Branch Islamic Bank Window, Shariatpur
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