Prime Bank partners with Mastul Foundation

Prime Bank PLC, a leading financial institution committed to innovation and customer-centric financial solutions, has partnered with the Mastul Foundation.

The two organisations recently held a signing ceremony 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 Mastul Foundation at agreed timelines, strictly following established guidelines. The foundation, in turn, will ensure the funds are utilised exclusively for charitable and welfare purposes, reinforcing a commitment to long-term social impact. This initiative promotes continuous giving while fostering economic and social development in Bangladesh.

Md Nazeem A Choudhury, Deputy Managing Director of Prime Bank PLC, and Kazi Reaz Rahman, Executive Director of Mastul Foundation, participated in the signing ceremony on behalf of their respective organisations. Syed Ibne Shariar, VP and Head of Prime Bank's Islamic Banking division, Rakibul Hassan Razib, Head of Administration of Mastul Foundation, and other senior officials from both organisations were also present.