The New Nation - Internet Edition

An agreement on Instant Cash Service was signed recently between Islami Bank Bangladesh Limited (IBBL) and Dollarco Exchange Company of Kuwait, says a press release. The signing ceremony was held at the Head Office of Dollarco Exchange Company in Kuwait. Md.Mahbub-ul-Alam, Senior Vice President of International Banking Wing of Islami Bank Bangladesh Limited and Khalid Sharif, General Manager and CEO of Dollarco Exchange Company of Kuwait signed the Agreement on behalf of their respective organizations.

Mominul Islam Patwary, Chairman Executive Committee of IBBL and Shaher AI Nawafale, Operation Manager of Dollarco Exchange Company were present in the function.After this arrangement, the recipients in Bangladesh will be able to receive the funds sent by expatriates in Kuwait from any Branch of Islami Bank Bangladesh Limited instantly without opening any account with the bank.

lslami Bank Bangladesh Limited has by now signed Instant Cash agreement with 26 exchange houses around the globe.Through different modernized technologies along with larger banking channel and internet facility Islami Bank Bangladesh Limited now ensures the reception of money sent by the expatriates to the recipients in a shorter period than before.