Dhaka, June 18 -- Prime Bank Investment Ltd. (PBIL), a leading investment bank and a wholly owned subsidiary of Prime Bank PLC, has signed a Memorandum of Understanding (MoU) with IFA Consultancy Ltd. (IFAC), a premier Shariah advisory firm, to jointly promote Islamic investment in Bangladesh.

The signing ceremony took place at PBIL's headquarters, with Syed M Omar Tayub, Managing Director & CEO of PBIL, and Mufti Abdullah Masum, CSAA, Founder & Director of IFAC, signing on behalf of their respective organizations, according to a press release.

This strategic partnership aims to advance Shariah-compliant investment management services by combining PBIL's portfolio management expertise with IFAC's Shariah advisory capabilities. The colla...