Islamic banks can encourage youth-led startups

UNB, Dhaka :
Former governor of Bangladesh Bank, Dr Salehuddin Ahmed, on Saturday said Islamic banks can work to encourage youth-led startups for employment by providing investment in nominal profit margin, which is the broader perspective of Islamic finance.

He said this while speaking as the chief guest at the inaugural ceremony of the Bangladesh Institute of Islamic Finance (BIIF), a training institution for Islamic financing, held at Motijheel.
Professor Mahbub Ahmed of DU, founding chairman of BIIF, presided over the event. Dr Muhammad Fouzul Kabir Khan, former secretary; Dr Muhammad Abdul Mazid, former chairman of the NBR; Farid Uddin Ahmed and Dr M Abdul Aziz, founding director of BIIF, also spoke at the event.