Shahjalal Islami Bank strikes remittance deal with Nagad

Shahjalal Islami Bank PLC recently signed a remittance disbursement agreement with Nagad Limited to ensure that remittances sent by expatriates reach their beneficiaries quickly and seamlessly.

Mosleh Uddin Ahmed, managing director of Shahjalal Islami Bank PLC, and Md Motasem Billah, administrator of Nagad Limited, signed the agreement at the bank’s corporate head office in Dhaka, according to a press release.

Under the agreement, remittances sent from abroad will be delivered directly to beneficiaries’ Nagad mobile wallets on behalf of Shahjalal Islami Bank. As a result, expatriates will be able to send money easily through international exchange houses, money transfer operators (MTOs) or banks.

Beneficiaries will be able to receive and use the money 24 hours a day, anywhere in the country, including remote areas.

Imtiaz U Ahmed, additional managing director of the bank; MM Saiful Islam and Md Jafar Sadeq, deputy managing directors; Khandker Bedoura Mahbub, head of the IT division and chief technology officer; Anwar Ullah, associate administrator of the mobile financial service provider; Mohammad Shaheen Sarwar Bhuiyan, chief commercial officer, and Muhammad Zahidul Islam (Sajal), head of media and communication, attended the event.

Mohammad Shakhawat Hossain, head of the foreign remittance department of the bank; and KM Harunur Rashid, head of public relations and the Bank Foundation, along with other officials from both organisations, were also present.