'Nagad Islamic' at Bishwa Ijtema to serve devout Muslims

To facilitate financial transactions of devout Muslims, Nagad has installed a large service booth at this year's Bishwa Ijtema, which is billed as the second largest congregation of Muslims after Hajj.

Anyone can open Nagad Islamic accounts, avail cash-in, cash-out and other services at the booth, reads a press release.

Nagad will distribute certified glycerine to worshippers so that they do not suffer from a biting cold.

If a worshiper coming to Bishwa Ijtema opens a new account of Nagad Islamic, they will get a mobile recharge of Tk20 as a gift, which will be sent to their accounts within 24 hours, the release added.

Islamic accounts of Mobile Financial Service provider Nagad, an arm of Bangladesh Postal Department, is fully managed under the supervision of a Shariah Supervisory Committee. 

Through Nagad Islamic MFS accounts, customers can easily manage their own funds in an interest-free and Shariah-compliant manner, maintaining their religious values and principles.

Customers, willing to avail Islamic services, can convert their regular "Nagad" accounts into Islamic accounts. They need to go to the "My Nagad" option in the Nagad app and click "Account Type", then the running app will be changed to an Islamic account.

A customer will know that his account has been successfully converted to an Islamic account only when his or her Nagad app turns green.

Customers of Nagad Islamic accounts can transact their hard-earned money without any interest as it is managed according to Islamic Shariah. 

Besides, they can calculate their Zakat digitally and pay all donations. Customers can also make their Islamic life insurance payments in the comfort of their homes through their Islamic accounts.

Mohammad Aminul Haque, member of Shariah Supervisory Committee of Nagad Islamic and executive director of Nagad, said, "We have taken this small initiative to assist devout Muslims coming to Bishwa Ijtema."