Product structure of Islamic banks in Bangladesh

Since the Islamic banking industry is still emerging in Bangladesh, it is essential to know at this stage if the products and services of Islamic banks are consistent with the practices that have been developed and universally accepted by the practitioners of Islamic banks across the globe. It is really important for Islamic banking industry in the country not only for the sake of outreach but also for the regulators to formulate policy which will enhance the credibility and international stakeholder's confidence. Until today, the development of Islamic financial products has generally been limited to the re-engineering of the conventional products to meet Shariah requirements. But there is a still scope for product innovation and differentiation.