Prime Bank partners with Mastul Foundation for charity works
Staff Correspondent
Prime Bank PLC., a leading financial institution committed to innovation and customer-centric financial solutions, has signed a partnership with Mastul Foundation. Recently a signing ceremony was held between these two organizations at bank’s Gulshan Corporate Office.
Under the agreement, Prime Bank will collect deposits under the `Sadaqah Jariyah’ Account and invest them based on the Mudaraba principle, ensuring ethical and Shariah-compliant financial growth. The accumulated profits will be allocated to Mastul Foundation at agreed timelines, strictly following established guidelines. The foundation, in turn, will ensure the funds are utilized exclusively for charitable and welfare purposes, reinforcing a commitment to long-term social impact. This initiative aims to promote continuous giving while fostering economic and social development in Bangladesh.
Md. Nazeem A. Choudhury, Deputy Managing Director of Prime Bank PLC. and Kazi Reaz Rahman, Executive Director of Mastul Foundation took part in signing ceremony on behalf of their respective organizations. Syed Ibne Shariar, VP and Head of Islamic Banking division of Prime Bank and Rakibul Hassan Razib, Head of Administration of Mastul Foundation and other senior officials from both organizations were also present.
