Southeast Bank PLC holds seventy second meeting of the shariah supervisory committee

The 72^nd meeting of the Shariah Supervisory Committee of Southeast Bank PLC was held on December 24, 2024.

The meeting was presided over by the Chairman of the Shariah Supervisory Committee, Mufti Shah Mohammad Habibullah Mahmud Quasemi.

Members of the Shariah Supervisory Committee, Dr Muhammad Haidar Ali Akon, Mr M A Kashem, Mr Alamgir Kabir, FCA, Mr Azim Uddin Ahmed, Mr Md. Nurul Islam (Nominee of Single Click IT Solutions Private Limited), and Mr Nuruddin Md Sadeque Hossain, Managing Director of Southeast Bank PLC, participated in the meeting.

The meeting conducted an in-depth review of the performance of the Bank's Islamic branches, such as deposit mobilisation, investment operations, and customer service processes. The Supervisory Committee expressed satisfaction with these activities and provided essential guidance to maintain the branches' consistent success.

Discussions were also held regarding the overall activities and action plans of the Islamic Service Desks (ISD) established in 130 conventional branches to extend Shariah-based Islamic banking services to customers. The committee provided special directives to enhance the quality of these services and recommended increasing branch training and monitoring to ensure Shariah-compliant services for customers.

The meeting discussed the proposed "Islamic Bank Company Act-2024" in detail. Various sections of the law were reviewed, and the committee provided opinions on submitting an application to the relevant authorities for necessary amendments and revisions.

The committee also discussed future action plans, focusing on developing new Shariah-based products and evaluating the effectiveness of existing ones. The Shariah Supervisory Committee urged strict adherence to Shariah principles and reiterated its commitment to ensuring reliable and Shariah-compliant services for the bank's customers.