The New Nation - Internet Edition

Staff Reporter

Chairman, Securities and Exchange Commission (SEC) Faruq Ahmed Siddiqui urged the merchant banks to make the capital business more attractive and reliable to the investors.

According to him, merchant banks have enormous contribution in fostering capital business in Bangladesh. They can play even more vital role in this regard, he added.

"Through guiding new investors towards profitable and potential scripts, merchant banks have played a vital role in growing equity business in Bangladesh. Their investment loans were also important for the healthy market as they enhance market capital," said SEC Chairman.

He was addressing the inaugural ceremony of Capital Market Service Division by the Shahjalal Islamic Bank yesterday at a local hotel in the capital.

Being a third generation Islamic Bank, the Bank has shown promising growth in business. We expect its capital market division will also play vital role in national capital market development, he added.

President of Dhaka Stock Exchange (DSE) Abdullah Bukhari expected the merchant banking division of the bank will also perform satisfactorily. He was addressing the launching ceremony as special guest.

Chairman, Shahjalal Islamic Bank said the Capital Market service of the bank is a client-oriented one, which is a part of our tireless effort to contribute more in national economic growth. Through the latest product, we expect to reach at the doorsteps of our clients with every possible financial support, he added.

President, Chittagong Stock Exchange (CSE) Nasiruddin Ahmed Chaudhury, founder chairman of Shahjalal Islamic Bank Sajjatuj Jumma were also present on the occasion.