Dhaka, Oct. 26 -- The Bangladesh Securities and Exchange Commission (BSEC) has formed a nine-member Shariah Advisory Council to ensure proper issuance of Islamic Shari'ah-based securities and strengthen investor protection in the Islamic capital market.

The council, formed through an official order on October 22, will advise the Commission on the compliance and certification of Islamic Shari'ah-based securities (ISBS) and other related market activities, aiming to promote a robust and transparent Islamic capital market in Bangladesh.

Prof Dr Nakib Muhammad Nasrullah, Vice-Chancellor of Islamic University, Kushtia, has been appointed as the Chairman of the Council.

Its other members Prof Dr Mohammad Monzur-E-Elahi, Professor of Islamic ...