Atiur for socially responsible financing

Bangladesh bank’s governor Mr. Atiur Rahman emphasized that higher access to finance enhances social and economic stability.

Bangladesh Bank Governor Atiur Rahman has advised financial regulators to focus on financial inclusion including micro-insurance, micro-finance and socially responsible financing (SRF) for ensuring economic stability.

Addressing the 24th meeting of the Council and the 12th General Assembly of Islamic Financial Services Board (IFSB) in Brunei Darussalam yesterday, he made the call saying that financial inclusion and SRF would not only for improving the condition of the disadvantaged, but also for wider objective of achieving financial stability.

Islamic Development Bank (IDB) president, governor of Sudan and chairman of Financial Supervision Authority of Indonesia supported Dr. Rahman’s views on micro-finance including Islamic micro-finance, according to a BB press release issued here.

Dr. Rahman also suggested IFSB to do more research and advocacy on capacity building of different central banks on their regulatory and supervisory role related to Islamic financing.

In addition to attending the Council meeting, the BB governor joined in the annual general meeting and a public lecture on financial stability.

News Source:Daily Sun

Date: 29-Mar-2014