Based on an official announcement by TBS News.
Prime Bank and City Group have launched an Islamic short-term investment product, expanding Sharia-compliant financial offerings in Bangladesh's growing Islamic finance sector.
The product addresses demand for ethical investment alternatives aligned with Islamic principles. Bangladesh's Islamic banking sector has expanded significantly, with multiple institutions offering Sharia-compliant services to retail and institutional investors seeking alternatives to conventional fixed-income instruments.
The short-term investment vehicle enables investors to park capital in Sharia-compliant instruments while earning competitive returns over shorter horizons. Both institutions bring established market presence and expertise in Islamic finance to the initiative. The product targets individual and corporate investors seeking liquidity with religious compliance.
Source: TBS News (https://news.google.com/rss/articles/CBMiuAFBVV95cUxPWUY5MTluZkVKZ2hNMnlaanRHV0NKNnUzX2dwaUREcmJnR2tMV1loZllWWTgwa3BPaE5zaUpad2NOVG1yM1ZnWUJTX29LUzFqZ1VYMWNBN3BrRng0b1lRWDBZaUJRRTZfajVfMUxWSXc2SWVZX0g0bHhUWURNaDhteVdSTHpSUHAyb1VBdmpoUXU0QUhCcm85cnE5aFV5emtnRUhXb0hlQldsMmN1OTktN2luN0lmMUtz0gG-AUFVX3lxTE9pdjJES3hnUnlDVk5lMUxteEFId2k1RHh0eTY5dnpXOEY0NDFmU3BvaWl5dHRuVEl4ekllREpUSkpHMF9McFNYQzMzN1VXVi03c0tqWFphVEZZQkRDWHRqXzZCcmJSV2YwMWRHMTlDbVBOcnJoYk9nYV9kM1BNbDd0and4aF9FSDBWdVoxV3RDLXRwWDJETzdsN2tFSXJZT1hrdHlfUXBLUzNGcGdMSGpUQjFnVkNJaXlkNk4wenc?oc=5)
