Prime Bank PLC recently entered into a partnership agreement with Dhaka Ahsania Mission, a non-profit social services organisation based in Dhaka.

Md Nazeem A Choudhury, deputy managing director of the bank, and Prof Golam Rahman, president of the organisation, signed the agreement at the bank's corporate office in the capital's Gulshan, according to a press release.

Under the agreement, Prime Bank will facilitate deposits under the "Sadaqah Jariyah" account and invest them according to the Mudaraba principle, ensuring both ethical and Shariah-compliant financial growth.

The profits accumulated from these investments will be allocated to Dhaka Ahsania Mission at agreed intervals, strictly adhering to established guidelines.

In return, Dhaka Ahsania Mission will ensure the funds are used exclusively for charitable and welfare purposes, furthering their long-term social impact.

This initiative aims to encourage continuous charitable giving while promoting both economic and social development within Bangladesh.

Syed Ibne Shariar, vice-president and head of the bank's Islamic banking division, and AFM Gholam Sharfuddin, general secretary of the mission, along with other senior officials from both organisations, also attended the event.