Bangladesh-Based Standard Bank Launches Online Govt Invoice Receipt Service

Standard Bank Limited (SBL) inaugurated the process of depositing treasury invoices on behalf of Bangladesh Government through automatic invoicing system recently. This sort of initiative is remarkable move by any Shariah based bank in Bangladesh.

The automated invoicing system is one of the major endeavours of receiving government money in scheduled banks through government software with the aim to bring government services to the doorsteps of the people, through which money will be deposited in the government treasury in a timely manner.

SBL started its commercial operations in 1999 through conventional methods. Through time, the bank introduced several new products on investment and deposit schemes and has been converted into a Sharia...