Shahjalal Islami Bank Ltd has signed an agreement with Export Import Bank of India under its Trade Assistance program (TAP) for availing credit guarantee facility from Exim Bank. The Managing Director & CEO of Shahjalal Islami Bank Ltd. Mr. Mosleh Uddin Ahmed and the Chief General Manager & CFO of Export Import Bank of India, Head Office, Mumbai Tarun Sharma has inked on the deal on behalf of their respective organizations.
Under this agreement the facility shall offer to Shahjalal Islami Ltd. additional lines of credit to support trade transaction under which Exim Bank shall issue guarantees favoring confirming banks for confirming Letters of Credit issued by the bank and extending buyers credit against such instruments. This is a strong step towards widening the international acceptability of the bank.
Among others, the Additional Managing Director & COO of Shahjalal Islami Bank Ltd. Mr. M. Akhter Hossain, the Head of International Division of the Bank Mr. Mohammad Abdul Majid, the Deputy General Manager, Head Office, Mumbai Mr. Pushpesh Tyagi, the Resident Representative Mr. Priyanshu Tiwari and the Chief Manager, Dhaka Representative Office of Export Import Bank of India Alok Bora and other officials of respective organizations were also present in the signing ceremony.