GIB Signs Agreement with Bangladesh Bank to Empower Women Entrepreneurs

Global Islami Bank PLC (GIB) signed agreements with the Credit Guarantee Department of Bangladesh Bank on March 12, 2024, at Jahangir Alam Conference Hall of Bangladesh Bank's head office.

Global Islami Bank PLC was established in the year 2013, having its headquarters at Bangladesh’s Dhaka. GIB is a private bank that is looking forward to empower women entrepreneurs. Besides, Bangladesh Bank is a central bank which is solely owned by the Bangladesh Government.

The agreement between these banks shall ensure the development of women entrepreneurs since GIB can now avail credit guarantee facilities from Bangladesh Bank to elongate collateral-free investments for them in addition to agro-processing sector for the cottage industries expansion alongside job creation as well as focusing on economic growth.

GIB’s Managing director, Syed Habib Hasnat signed the agreement alongside Bangladesh Bank’s director of credit guarantee department, Nahid Rahman. During the event, Deputy Governor Nurun Nahar was present to witness the event along with Bangladesh Bank’s Executive Director, Mohammad Jamal Uddin. Additionally, Executive vice-president and head of investment division of GIB, SM Mizanur Rahman was also there to mark his presence.

This agreement between Bangladesh Bank and Global Islami Bank shall benefit women entrepreneurs in the country with investments and job opportunities.