The Central Shariah Board for Islamic Banks of Bangladesh (CSBIB) convened its 70th Executive Committee (EC) meeting on May 6, 2025, at the head office of First Security Islami Bank PLC. The meeting, presided over by Mohammad Abdul Mannan, Chairman of the EC, focused on policy matters crucial to the continued growth and stability of Islamic banking in Bangladesh.

CSBIB plays a vital role in the country's financial sector by ensuring that Islamic banks and banking branches operate in accordance with Shariah principles. Established with the support of Bangladesh Bank, the central bank, CSBIB coordinates Shariah supervisory boards, conducts research, and promotes awareness of Islamic finance.

During the meeting, the EC members discussed various policy issues and made key decisions aimed at enhancing the operational procedures of member banks and ensuring Shariah compliance. The committee also reviewed the overall performance of the Islamic banking sector in Bangladesh, which has seen significant growth in recent years.

With ten full-fledged Islamic banks and numerous Islamic banking branches and windows operating across the country, Islamic finance is a rapidly expanding sector in Bangladesh. CSBIB's guidance and support are essential for maintaining the integrity and Shariah-compliance of these operations, fostering public trust, and driving the industry's continued success. The discussions and decisions made at the 70th EC meeting are expected to further strengthen the framework for Islamic banking in Bangladesh, promoting its development and contributing to the country's economic growth.