Brave New World: Islamic Finance in Bangladesh

International IFN Roadshow Bangladesh-2021 was held recently organised by REDMoney Group. The IFN Roadshow-2021 series opens with Bangladesh, a country that has a promising future in Islamic finance, especially as it launched its first corporate Sukuk in 2020. Bangladesh is on a sprint to aggressive development as the public demand for Islamic finance is rising, which has spurred a robust Islamic banking sector in the nation.

Moody’s Investors Service forecasts a growth of more than 25% in Islamic banking penetration in the country, backed by strong government support due to the high demand. Besides, Bangladesh is looking forward to greater conversion to Islamic banking, as access to finance due to digitalization comes into play. Overall, the future...