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22 Aug, 2020
Shahjalal Islami Bank Limited Organized Virtual Discussion Meeting on Cash Waqf
Shahjalal Islami Bank Limited organized a discussion meeting on “Cash Waqf” on 22nd August 2020 through Digital Platform (with a video conference). The Managing Director & CEO of the Bank Mr. M. Shahidul Islam was present as the chief guest in the Virtual Discussion Meeting. Among others the Additional Managing Directors Mr. Abdul Aziz &Mr. S. M. Mainuddin Chowdhury, the Deputy Managing Directors Mr. Md. Shahjahan Shiraj, Mr. M. Akhter Hossain,MianQuamrul Hasan Chowdhury, Mr. Imtiaz U. Ahmed & Mr. Nasim Sekandar were also present in the program as special guests. The Member secretary of Shariah Supervisory Committee & Murakib of the Bank Maulana Md. Farid Uddin gave a short briefing on Cash Waqf and the EVP & Head of Public Relations Division (PRD) Mr. Md. Shamsuddoha Shimu moderated the program. Total 887 officials of the Bank participated in this discussion.

In his speech the Managing Director & CEO of the Bank Mr. M. Shahidul Islam said, cash waqf is now recognized worldwide. The area of cash waqf is increasing day by day. In Indonesia, Malaysia, Turkey and Saudi Arabia cash waqf expanded widely. In our country, some Islami banks already started cash waqf. Shahjalal Islami Bank also has Mudaraba Cash Waqf Deposit Product. I believe if Islamic banks start cash waqf campaign they can play a significant role in this sector. If a cash waqf of one lakh crore can be collected, then income will be around seven thousand crore.

The rich people of our country leave their wealth of thousands of crores only for two or three children. It would have been much better if these rich people had left 100 crore for their sons and daughters and waqf the remaining 900 crore. If the rich people of our country cash waqf like this, then there would be no problem in financing all the social organizations, mosques, madrasas, schools, colleges, universities and hospitals. So cash waqf is the demand of time now. The employees of the bank come forward in this regard, the door of a great success will be opened InshaAllah.
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