Bangladesh, Sept. 29 -- Bangladesh Bank (BB) has introduced a comprehensive regulatory framework for Islamic credit card operations, aiming to ensure Shariah compliance, customer protection, transparency and sound risk management amid the expansion of digital payment services.

Advertisement The central bank issued the Guidelines on Islamic Credit Card Operations of Banks through IBRPD Circular No. 01 on September 27, saying the framework would apply to banks offering Islamic credit card services, BSS reports.

The guidelines were issued under Section 45 of the Bank Company Act, 1991 (as amended), and came into force immediately.

Under the guidelines, banks must ensure that Islamic credit card products, contracts, transactions, fees, ...