, Oct. 16 -- Bangladesh Bank has initiated measures to ensure good governance, transparency, and the proper application of Shariah principles in the Islamic banking sector.

In this regard, the central bank has recently approved a policy for the formation of its own Shariah Advisory Board (SAB), a senior official confirmed this on Thursday.

The policy, titled "Bangladesh Bank's Policy on the Formation, Appointment-Removal of Members, and Responsibilities of the Shariah Advisory Board (SAB)-2025," was formally approved during the 444th meeting of the central bank's Board of Directors.

Bangladesh is following the lead of many central banks worldwide, including those in Malaysia, Bahrain, Oman, Pakistan, Indonesia, Iran, Kuwait, and the UA...