The Islamic banking window of Mutual Trust Bank Limited (MTBL), MTB Yaqeen was officially inaugurated on Wednesday, says a media release published by the bank.
The launching programme was held at a virtual meeting in the presence of their Board of Directors. MTB Shariah Supervisory Committee Chairman Sheikh Kamaluddin Abdullah Zafree and Member Shah Wali Ullah were also present.
MTB Yaqeen creates an opportunity for all customers to benefit Shariah compliant, interest free banking services from one of the trusted banking houses in the country.
It offers excellent Shariah Supervisory Committee consisting of qualified Faqih, Islamic scholars & professionals; income Sharing Ratio-ISR based unique profit distribution system on Mudaraba deposit; distinguished and Shariah complied Deposit & Investment products for Islamic banking; distinct finance & accounts and separate financial statement for Islamic banking operations as well as separate Islamic banking software -‘Ababil’ to provide real-time online banking service from all of our branches.
Availability of Islamic Banking service from every branch and every Agent outlets through online system.
Through MTB Yaqeen, MTBL will be able to provide Islamic retail banking and agent banking services to its clients, adds the statement.