Dhaka, Jan. 29 -- Nagad, a popular mobile financial service provider, has come up with an Islamic merchant account to facilitate transactions for Muslim users adhering to Islamic Shariah principles.

It can ensure Shariah-compliant transactions and deposits, providing confidence to both customers and entrepreneurs, according to a media release.

The service has gained significant traction within just three days of its launch. As the country's first and only mobile service provider, Nagad offers Islamic mobile financial services independently regulated by a Shariah Supervisory Committee, reads the release.

"Nagad Islamic" allows users to easily manage interest-free and Shariah-compliant personal accounts, aligning with their religious val...