Website: www.bangladesh-bank.
org
www.bangladeshbank.org.bd
Banking Regulation & Policy Department
Bangladesh Bank
Head Office
Dhaka.
09 November, 2009
BRPD Circular No. 15 Date:
25 Kartik, 1416
Chief Executives
All Scheduled Banks in Bangladesh
Dear Sir,
Guidelines for Islamic Banking.
Islamic Banking has become a part of mainstream banking in Bangladesh. In view of some
basic differences in Shariah based Islamic Banking and interest based banking it has become
necessary to introduce guidelines which would bring greater transparency and accountability
and therefore governance to the Islamic Banking. To this end, Bangladesh Bank has taken the step
of introducing this guidelines for Shariah based Islamic Banking. The guidelines are issued in
persuance of Section 45 of Banking Company Act, 1991 (Amended in 2003).
This guidelines should be treated as supplementary, not substitute, to the existing banking
laws, rules and regulations. Any point not covered under this guidelines and in case of any
contradiction, the rules under the Banking Companies Act, 1991 and Companies Act, 1994 will
prevail.
The concerned banks are, therefore, advised to comply with the guidelines by 31st
December, 2009 and submit a compliance report to the effect that the guidelines have been put in
practice, to this department of Bangladesh Bank by 31st January, 2010. Bangladesh Bank will
monitor the progress of compliance of these guidelines through its on site inspection teams
during inspection.
Please acknowledge receipt.
Yours faithfully
Encl: 1 (one) CD-ROM
(Abu Hena Mohd. Razee Hassan)
General Manager
Phone: 88-02-7117825
Endst. No. BRPD(IB Cell)/801/2009- 122 Date: 09 November, 2009
Copy forwarded for information and necessary action to:
01. All Heads of Departments, Bangladesh Bank, Head Office, Dhaka.
02. All Sections of Banking Regulation and Policy Department, Bangladesh Bank, Head Office,
Dhaka.
03. General Manager, Bangladesh Bank, Motijheel, Dhaka/Chittagong/Khulna/Rajshahi/Bogra/
Sylhet/Barisal/Rangpur/Sadarghat, Dhaka.
04 Senior Consultant to Governor, Bangladesh Bank, Head Office, Dhaka.
05. Personal Officer to Governor, Governor's Secretariat, Bangladesh Bank, Head Office, Dhaka.
06. Deputy Directors /Assistant Directors/Officers attached to Deputy Governors, Bangladesh Bank,
Head Office, Dhaka.
07. Assistant Directors/Officers attached to Executive Directors/Economic Advisor, Bangladesh
Bank, Head Office, Dhaka.
08. Secretary, Ministry of Finance, Finance Division, Govt. of the People's Republic of Bangladesh,
Bangladesh Secretariat, Dhaka.
09. Chairman, National Board of Revenue, Govt. of the People's Republic of Bangladesh,
Segunbagicha, Dhaka.
10. Secretary, Ministry of Commerce, Govt. of the People's Republic of Bangladesh, Bangladesh
Secretariat, Dhaka.
11. Secretary, Ministry of Industries, Govt. of the People's Republic of Bangladesh, Shilpa Bhaban,
Motijheel C/A, Dhaka.
12. Additional Secretary, Ministry of Finance, Finance Division, Banking Wing, Govt. of the People's
Republic of Bangladesh, Bangladesh Secretariat, Dhaka.
13. Chairman, Securities & Exchange Commission, Jiban Bima Tower, 10 Dilkusha C/A, Dhaka.
14. Country Director, the World Bank, Bangladesh, E-32 Agargaon, Dhaka.
15. Vice-Chairman, Export Promotion Bureau, 1 Kawran Bazar, C/A, Dhaka.
16 Resident Representative, International Monetary Fund (IMF), Bangladesh Bank Building, Dhaka.
17. Director General, Bangladesh Institute of Bank Management, Mirpur, Dhaka.
18. Executive Chairman, Board of Investment (One-stop service), Govt. of the People's Republic of
Bangladesh. Jiban Bima Tower, 10 Dilkusha C/A, Dhaka-1000.
19. President, Federation of Bangladesh Chambers of Commerce and Industry, 60 Motijheel, C/A,
Dhaka.
20. Chairman, Bangladesh Association of Banks, Iqbal Centre (12 th Floor), 42 Kemal Ataturk
Avenue, Banani, Dhaka.
21. Secretary General, The Institute of Bankers, Bangladesh, BSRS Bhaban, 12 Kawran Bazar,
Dhaka.
22. Managing Director, Jubilee Bank Ltd., Registered Office, 9-F Motijheel C/A, Dhaka
23. Chairman, Association of Bankers, Bangladesh, Eastern Commercial Complex, 73 Kakrail,
Dhaka.
25. Chairman, Bangladesh Leasing Finance Companies Association, Hadi Mention (7th Floor), 2,
Dilkhusha C/A, Dhaka.
(Md. Kowsar uddin Ahmed)
Deputy Director
Phone-7126101-20/2526
