Islamic Finance

ICB Islamic Bank signs deal with PHP Automobiles

Published 19 Oct,2021 via The Financial Express–A memorandum of understanding (MoU) was signed between Bangladesh's ICB Islamic Bank Ltd and PHP Automobiles Limited, at the premises of ICB Islamic Bank Head Office in Dhaka recently.

Under the agreement, customers purchasing brand new cars of PHP Automobiles Ltd can avail easy auto finance facilities from ICB Islamic Bank Limited under a very attractive profit rate and discounted processing fees as well as can enjoy special offers from PHP Automobiles along with exclusive facilities, said a statement.

Muhammad Shafiq Bin Abdullah, Managing Director and CEO of ICB Islamic Bank Ltd and Taseer Karim, Executive Director of and PHP Automobiles Limited have signed and exchanged the copy of MoU on behalf of their respective organisations.

Arpit Vinodbhai Parikh, Chief Operating Officer and COO of ICB Islamic Bank Ltd, Captain Sakhawat Hossain (Retd.), Head of Recovery, ICB Islamic Bank Ltd, Md. Tareq-Us-Salam, Head of Investment Risk Management, ICB Islamic Bank Ltd and Rakib Hossain, Manager, PHP Automobiles Limited were also present at the signing ceremony.

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