Prime Bank partners with Dhaka Ahsania Mission for charity work

Prime Bank PLC has signed a partnership agreement with Dhaka Ahsania Mission. A signing ceremony was recently held between the two organisations at the bank's Gulshan corporate office.

Under the agreement, Prime Bank will collect deposits under the Sadaqah Jariyah account and invest them based on the Mudaraba principle, ensuring ethical and Shariah-compliant financial growth. The accumulated profits will be allocated to Dhaka Ahsania Mission at agreed timelines, strictly following established guidelines. Dhaka Ahsania Mission, in turn, will ensure the funds are utilised exclusively for charitable and welfare purposes, reinforcing a commitment to long-term social impact. This initiative aims to promote continuous giving while fostering economic and social development in Bangladesh.

Md Nazeem A Choudhury, deputy managing director of Prime Bank PLC, and Professor Dr Golam Rahman, president of Dhaka Ahsania Mission, signed the agreement on behalf of their respective organisations. Syed Ibne Shariar, vice president and head of the Islamic Banking division of Prime Bank, and Engineer A F M Gholam Sharfuddin, general secretary of Dhaka Ahsania Mission, along with other senior officials from both organisations, were also present at the ceremony.