Islami Bank Bangladesh Limited (IBBL) will introduce a special scheme for ‘big clients’ to enable them to contribute to charitable initiatives, the bank’s chairman Arastoo Khan said on Thursday.

Cash Waqf is a trust fund established to support services to mankind in the name of Allah. The gifted capital is “transferred” to borrowers for certain period, which is then spent for all sorts of pious and social purposes.

“We urged our valuable subscribers to trust on IBBL as a humanitarian bank.

So that we have planned to introduce a package for clients who wish to do something for the society. The Cash Waqf will be introduced through an international conference in Dhaka soon,” Arastoo Khan said while addressing a pre-iftar discussion titled “Role of Ramadan in Attaining Taqwa” at Pan Pacific Sonargaon Hotel in Dhaka.

The IBBL Chairman also informed the bank will open two branches in Riyadh and Jeddah of Saudi Arabia.

“Prime Minister Sheikh Hasina already gave us the approval to open the new branches of IBBL in the Middle East. Now we are waiting for the approval from the Saudi government,” Khan said.

IBBL Shariah Supervisory Committee Member Mohammad Manzur-E-Elahi presented the keynote on the topic of Taqwa and Islamic finance at the discussion.

IBBL Managing Director and Chief Executive Officer Md Abdul Hamid Miah, Vice Chairman Md Shahabuddin, Executive Committee Chairman Majhor Gen(Retd) Abdul Matin, Audit Committee Chairman Md Zillur Rahman, Risk Management Committee Chairman Shamim Mohammad Afzal were, among others, spoke on the occasion.