Bengal Commercial Bank launches “Cash Waqf” Scheme


Bengal Commercial Bank has launched “Bengal Mudaraba Cash Waqf” scheme for the welfare of people which is a substitute of any kind of conventional Waqf we are used to do. The  Cash Waqf is a deposit which is irredeemable & perpetual in nature, donated in cash form in order to ensure regular flow of income for using in permitted social welfare sectors in a Shariah complaint way.

Md. Jashim Uddin, Chairman of the Board of Directors of the Bank & President of FBCCI officially launched the scheme on 17 April 2023, Monday at the Bank’s Head Office in Gulshan. Tarik Morshed, Managing Director & CEO of the Bank, presided over the launching ceremony. Mufti Mohammad Muhibullahil Baqee, Chairman of the Shariah Supervisory Committee of the Bank & Pesh Imam of Baitul Mukarram National Mosque and S. M Faruqi Hasan, Director of the Bank & Chairman of Risk Management Committee were also present at the ceremony along with other Directors, Deputy Managing Directors and other High Officials.

The speakers said, today's donated 01 taka will be multiplied hundreds of times on the Doomsday and will be deposited in the deeds of the Waqif (donor) as Sadaqah-e-Jariyah. The bank will continue working for the Waqif after his or her death even if there is no one in the world for the otherworldly welfare of the Waqif.