2024-04-02 19:46:39
On the occasion of the holy month of Ramadan, a discussion meeting on ‘Cash Waqf’ was recently organized at the head office of Social Islami Bank. Maulana Obaidullah Hamzah, Chairman of Sharia Supervisory Committee of the Bank, spoke as the main speaker in the event under the chairmanship of Managing Director and Chief Executive of the Bank Zafar Alam.
The member secretary was present as a special negotiator. Muhammad Manzoor Elahi and Deputy Managing Director of the Bank Muhammad Forkanullah delivered the welcome speech.
Also present were Deputy Managing Director Abdul Hannan Khan and Mohammad Habibur Rahman, head office department heads and senior executives. Meanwhile, regional heads of the bank, managers of all branches, operations managers and in-charges of sub-branches were connected to the virtual platform.
In the President’s speech, Managing Director and Chief Executive Zafar Alam said that the holy month of Ramadan is the month of Zakat and Sadaqah. Cash waqf is a simple and beautiful system of paying zakat and sadaqah. Social Islami Bank has introduced this service called Cash Waqf for the welfare of this time and hereafter.
He said, it is a voluntary and permanent endowment, where the principal amount is kept and the profit earned from it is spent in various charitable sectors as per the wish of the account holder. At this time, he emphasized on informing the customers about this welfare service of the bank.