More Islami funds into market eyed
Published: 2013-02-07 19:07:31.0 BdST Updated: 2013-02-07 19:08:53.0 BdST
Efforts were underway to boost investment of the Islamic banks in order to stabilise the stock market, FBCCI President Kazi Akram Uddin Ahamed said on Thursday.
“They (Islamic banks) have also assured us of increasing their investment in the capital market,” Akram, also the chief of the stock market coordination committee, told bdnews24.com after a committee meeting held at the DSE headquarters.
“We are trying. Trading on the market has also started to increase. We hope the market will be in a good state in a few days,” he said.
A DSE statement issued read the meeting discussed formation of Islami Sharia Index with recommendation from Sharia Board of Islamic Banks to make the Islamic banks interested about more investment.
It also said DSE would form a committee for introducing the new index.
The FBCCI chief said the newly elected officer bearers saw the Prime Minister earlier at noon.
“We congratulate the government on initiating efforts for bridging the Padma taking funds from the capital market and with its own resources after the World Bank and other co-financers did not give assistance in this regard,” Akram said in a written statement about the meeting with the Prime Minister.
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