Bangladesh Commerce Bank launches mudaraba cash waqf deposit account
Bangladesh Commerce Bank has officially launched a new deposit product titled "Mudaraba Cash Waqf Account" at a formal ceremony held on 26 June 2025 in the boardroom of the bank's head office.
The event was presided over by Mr Md Mosharraf Hossain, Managing Director and CEO of the bank. Mr Md Ataur Rahman, Chairman of Bangladesh Commerce Bank, attended as the chief guest. Special guests included Mr Md Mohsin Mia, Chairman of the Board Executive Committee, and Mr Sheikh Ashrafuzzaman FCA, Chairman of the Board Audit Committee.
Deputy Managing Directors Mr Mohammad Ziaul Karim and Mr Md Zahurul Alam were also present, alongside divisional and zonal heads and branch and sub-branch managers, who joined virtually.
Keep updated, follow The Business Standard's Google news channel
Speakers at the event highlighted the significance and social impact of Mudaraba Cash Waqf accounts, encouraging officials, employees, and valued customers to participate in supporting underprivileged communities. The proceeds from such accounts are intended to benefit the poor, physically challenged individuals, marginalised populations, beggars, distressed women, and residents of urban slums.
The speakers further noted that opening a Mudaraba Cash Waqf account offers both worldly benefits and spiritual merit, calling on all to contribute to this noble initiative aimed at fostering inclusive development.
