Which bank, founded in March 1983, is described as the first Shari'ah compliant bank in Bangladesh?
Answer and explanation
Correct answer: B. Islami Bank Bangladesh PLC
- Step 1: Islami Bank Limited was the first Shari'ah compliant bank in Bangladesh, starting operations in March 1983. Answer: Islami Bank Bangladesh PLC. Why not the others: Al-Arafah Islami Bank Commercial, Social Islami Bank Commercial PLC and First Security Islami Bank PLC don't fit.
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