Dhaka, March 15 -- Religious Affairs Adviser Professor Dr. AFM

Khalid Hossain has said that Sharia banking plays an important role in poverty alleviation and ensuring income inequality.

"Shariah banking works for the welfare of the underprivileged people of the society through systems like Zakat, Sadaqah and Waqf... It plays a very significant role in the alleviation of poverty and ensuring income

inequality," he said, BSS reports.

The religious affairs adviser was speaking as the chief guest at a seminar titled "Institute of Islamic Banking, Finance and Economics" at the United International University (UIU) in Badda on Saturday morning.

Noting that the Shariah Banking is also being considered a reliable and profitable banking syste...