Bangladesh Bank opens liquidity support to Islamic banks

Bangladesh Bank opens liquidity support to Islamic banks

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Unless Islamic banks operate on an interest-based banking system, they do not use the central bank’s credit facility for normal banks in need of short-term liquidity support.

Now they will be able to get the cooperation of the central bank through the new facility.

There are at least 10 Sharia based banks operating in Bangladesh. Other banks also have Islamic products.

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