CRISL
CRISL offers wide range of trainings for the Executives of Banks, and Financial Institutions and Corporate houses, throughout the year.
19th October 2020
CRISL International Webinar on Development of Sustainable Bond Market in Bangladesh
CRISL, the premier rating agency of the country, organized an International Webinar on “Sustainable Bond Market in Bangladesh: The Way Forward” on 19th October, 2020. The objective of the seminar was to mingle the ideas and interaction among the national and international experts on the issue and share the same with the concerned regulators on the subject. Mr. Muzaffar Ahmed FCMA FCS, President and CEO of CRISL presented the key note paper highlighting the need of change in the present long-term financing by the banks, a high powered team to monitor the regulatory frame work, a strong and effective rating industry for effective credit rating. Mr. Faheem Ahmed, Vice President of Association of Credit Rating Agencies in Asia (ACCRA) and consultant to the Islamic International Rating Agency Bahrain, highlighted the global bond market trend and effectiveness vis a vis the need of showcasing Bangladesh before the international community through development of Bond market which is considered to be a barometer of development. Dr. Dogra, Former CEO of CARE Ratings, India, presented the current position of bond market development in India and the fact that most of the corporate Bonds go with high credit rating. Mr. Arif Khan MD and CEO IDLC Finance highlighted the present position of Bond market and explained the causes of poor Bond market and actions required in this connection at this stage of Bangladesh Economy.
Mr. Mohammad Rezaul Karim, Executive Directors of Bangladesh Securities and Exchange Commission (BSEC) explained the efforts and actions so far taken by BSEC for Bond Market while Mr. Aminur Rahman Chowdhury, Deputy General Manager of Bangladesh Bank emphasized that presently whatever corporate bonds are there all are based on private placement. He highlighted that, most of the project financing is done by the Banking sector however there is a need for long term finance in the market through Corporate Bond.
The Webinar concluded by emphasizing the role of government and regulators and credit rating agencies for effective development of Bond Market by taking into considerations issues like fixing optimum risk free rate of return, discouraging long term lending by banks, improving quality of audit and credit rating, attracting local and international institutional investors for development of sustainable bond Market in Bangladesh.
Almost 100 finance professionals from various companies and government enterprises participated on this virtual program. Dr. Syed A. Mamun FCMA, Deputy CEO of CRISL moderated the program.
CRISL International Webinar on Development of Sustainable Bond Market in Bangladesh
16th July 2020
CRISL CEO's key note paper on Islamic Banking and Finance
Mr. Muzaffar Ahmed FCMA, FCS, President and CEO of CRISL presented a key note paper on Islamic Banking and Finance in a Program organised by Dhaka Branch Council (DBC) of Institute of Cost and Management Accountants (ICMAB) on 16th July 2020. The main discussant was Mr. Md Mahbub ul Alam, CEO and MD, Islami Bank Bangladesh Limited. The key note speaker was Mr. Muzaffar Ahmed FCMA, FCS, President and CEO, Credit Rating Information and Services Limited. The session chairman was Mr. Jasim Uddin Akond FCMA, President, ICMAB.
Islam and Islamic Banking in the Context of Covid 19 Pandemic