Midland Bank signs MoU with Bridge Holdings

Midland Bank PLC recently signed a memorandum of understanding (MoU) with Bridge Holdings Limited, a real estate developer in Bangladesh.

Md Zahid Hossain, managing director (current charge) of Midland Bank PLC, and Md Harun-ur Rashid, chairman of Bridge Holdings Limited, signed the MoU at the developer company’s head office in Gulshan-2, Dhaka, according to a press release. 

Under the partnership, customers of Bridge Holdings will be able to avail themselves of hire-purchase facilities under the Shirkatul Melk product of MDB Saalam, a shariah-based financing facility offered by Midland Bank’s Islami banking services, to purchase properties from Bridge Holdings Limited.

Md Abdur Rashid, managing director of the realtor, and Hasan Mahbubur Rahman, director of sales and marketing, attended the programme. 

Md Rashed Akter, head of retail distribution and chief bancassurance officer of the bank, and Md Majidul Haq Patwary, unit head of the institutional banking division, along with other officials from both organisations, were also present at the ceremony.