Overview of Islamic Finance in Bangladesh

Overview of Islamic Finance in BangladeshBackground

The saga of Islamic banking and finance of this country is to some extent different from those of others. The intellectual exercise to materialize the dream of Islamic banking and finance in this delta was going on for four decades starting from 1940s. In this period, a group of prominent visionary scholars of the subcontinent, with their own initiative & purely faith-driven obligation, performed voluminous works on Islamic economics and finance, side by side, endeavored a lot to draw an operational frame work of Islamic banking in particular. The basic theoretical works, so far required, was done in this very period and operational exercise thereof was being emphatically waited. The aura of this long cherished hope was sighted first when Bangladesh signed the charter of Islamic Development Bank in August, 1974 & expressed commitment to restructure its financial system as per Islamic Shariah. In 1978 Bangladesh subscribed the recommendation of Islamic Foreign Ministers Conference held in Senegal regarding gradual establishment of Islamic banks in the member countries.

Meanwhile, two professional bodies- Islamic Economics Research Bureau (IERB) established in 1976 and Bangladesh Islamic Bankers Association (BIBA) established in 1980 made significant contributions towards introduction of Islamic banking in the country. They initiated a holistic approach in providing basic training on Islamic banking to the top bankers and economists to help overcome the probable leadership vacuum of the future Islamic banks in Bangladesh. A lot of seminars, symposia and workshops on Islamic economics & banking were arranged throughout the country to make the mindset & create awareness among the masses. This development got further momentum in 1981, when the then President of Bangladesh while addressing the 3rd Islamic Summit Conference held in Mecca & Taif suggested The Islamic countries should develop a separate banking system of their own in order to facilitate their trade and commerce. In the subsequent year, a delegation of IDB paid a visit to Bangladesh and expressed their keen interest in establishing a joint venture Islamic Bank in Bangladesh.

Finally the epoch making event arrived; the long cherished aspiration turned into a reality and Islami Bank Bangladesh Limited, the first ever Islamic bank in South-East Asia was founded on 13th March, 1983 in association of the following eminent national and international bodies as well as distinguished personalities:

List of the Sponsors of Islami Bank Bangladesh Limited Table-1Sl.No.Name of SponsorSl. No.Name of Sponsor

01.Kuwait Finance House (K.S.C)

Safat, Kuwait07.Dubai Islamic bank

02.Jordan Islamic Bank08.The Public Institution for Social Security, Safat, Kuwait

03.Islamic Investment & Exchange Corporation, Doha, Qatar09.Ministry of Awqaf and Islamic Affairs, Kuwait

04.Bahrain Islamic Bank10.Islamic Development Bank

05.Islamic Banking System International Holding S.A; Luxembourg11.Ministry of justice, Development of Minor Affairs, Kuwait

06.Al-Rajhi Company for Currency Exchange & Commerce, Riyadh, K.S.A.12.Mohammad Absur Razzaque Lasker (Late), Bangladesh

List of the Sponsors of Islami Bank Bangladesh

Table-1 (Continued)

Sl.No.

Name of Sponsor

Sl.No.Name of Sponsor

13.Sheikh Ahmed Saleh Jamjoom

Jeddah, K.S.A.25.M.A. Rashid Chowdhuty

Bangladesh

14.Sheikh Fouad Abdul Hameed

Al-Khateed (Late)26.Engr. Mustafa Anwar

Bangladesh

15.

Mofizur Rahman (Late)

Bangladesh27.Prof. Mohammad Abdullah

Bangladesh

16.Barrister Tamizul Haque

Bangladesh28.Serajuddowla

Bangladesh

17.Mohammad Younus (Late)

Bangladesh29.Ibn Sina Trust

Bangladesh

18.Mohammad Shafiuddin Dewan (Late)

Bangladesh30.Bangladesh Islamic Centre

19.Mohammad Bashiruddin

Bangladesh31.Bangladesh Islamic Economics Research Bureau

20.Mohammad Hussain (Late)

Bangladesh32.Mohammad Nuruzzaman (Late)

Bangladesh

21.Nasiruddin Ahmed (Late)

Bangladesh33.Abul QuasemBangladesh

22.Muhammad Musharraf Hossain

Bangladesh34.A.K. Fazlul HaqueBangladesh

23.Md. Malek Minar (Late)

Bangladesh35.Engr. Muhammad Dawood KhanBangladesh

24.Zakiuddin Ahmed

Bangladesh36.Baitush Sharaf Foundatuib Ltd.Bangladesh

Impact of IBBL in Banking SectorThe establishment of Islamic Bank Bangladesh Limited is a milestone and a turning point in ushering the new era of Islamic finance & banking that paved the way to set up more Islamic banks in Bangladesh. Under this backdrop, the entrepreneurs became immensely encouraged to see the overwhelming success of Islami Bank Bangladesh Limited and came forward to invest their fund in the new industry of Shariah based Islamic banking and till now the following 6 full fledged Islamic banks (other than IBBL) have come into existence:1. Al Baraka Bank Limited (now reorganized as The Oriental Bank Limited), established in 1987.2. Al Arafah Islami Bank Limited, established in 1995.

3. Social Islami Bank Limited, established in 1995.

4. Shahjalal Islami Bank Limited, established in 2001.

5. Exim Bank Limited was originally a conventional bank. It converted its entire banking operations into an Islamic one since July 2004.

6. The First Security Bank Limited also was a conventional bank. It converted its entire operations into an Islamic one since 1st January, 2009.

Key Statistics of 7 (Seven) Islamic Banks as at end- 2Q 2010

Table-2 Amount in Million Taka

(US $ 1= Taka 70)

Sl. No.Name of the BankPaid up CapitalNo. of BranchTotal Man PowerDepositMarket Share in DepositInvestmentMarket Share in InvestmentFr. Exchange Business Market Share in Fr. Ex. Business

01.Islami Bank Bangladesh Limited6,17824710,057265,1937.68%273,0089.66%105,0664.12%

02.ICB Islami Bank Ltd.6,6473172014,4070.42%14,3100.51%458.02%

03.Al-Arafah Islami Bank Ltd.1,799601,35050,4821.46%46,2301.64%40,0001.57%

04.Social Islami Bank Ltd2,692431,18341,0001.19%30,1741.07%28,8501.13%

05.EXIM Bank Limited3,374531,44082,1892.38%81,1912.87%89,7993.53%

06.First Security IslamicBank 2,300471,11548,5111.40%47,6431.69%10,2900.40%

07.Shahjalal Islami Bank2,740521,54753,2431.54%51,6501.83%46,9721.84%

Total25,73053317,249555,02516.07%544,20619.27%321,43512.62%

Islamic Banking Window

In the banking sector, the above banks are performing well and their steady development has lured different conventional banks to open Islamic banking window. Till now, total 13 conventional banks have opened around 30 Islamic banking windows which are currently operating with praiseworthy performance. The remaining Private Commercial Banks (PCB) as well as State owned Commercial Banks have been actively contemplating to open Islamic banking windows & of them have already finalized their decision to this effectStatistics of Islamic Banking Windows of 13 (Thirteen) Conventional Banks

as at end- 2009 Amount in Million Taka

Table-3 (US $ 1= Taka 70)Sl. NoName of the BanksNo. of BranchesTotal DepositTotal InvestmentProfit/Loss

01.Arab Bangladesh Bank Limited1 3,0801,760192

02.Prime Bank Limited.512,6808,984640

03.Jamuna Bank Limited2 2,3342,076158

04.Dhaka Bank Limited2 4,3592,255100

05.South-East Bank Limited5 10,3084,842236

06.Premier Bank Limited23,3561,26623

07.The City Bank Limited1 90065045

08.Standard Bank Limited2 20--

09.Standard Chartered Bank Limited (Sadiq)1 8021,374191

10.HSBC (AManah)1118 11073

11.Trust Bank Limited5---

12.Bank Asia Limited2---

13.Pubali Bank Limited1---

Total30 37,957 23,3171,658

Measures and incentives

Bangladesh Bank i.e. the Central Bank of Bangladesh does not offer any special incentive to Islamic banks but playing an impartial role in dealing with conventional and Islamic Banks as well as the Islamic windows of conventional banks. The Central Bank, however, formulated comprehensive guidelines for Islamic banks to help regulate their day to day operations.

The Islamic banks operating in the country are as usual required to comply with the international standards in respect of risk and capital adequacy as set by Basel. They are also expected to adhere to the rules and guidelines as set by the AAOIFI and the IFSB with regard to the accounting treatment of Islamic financial transactions.Major PlayerIslami Bank Bangladesh Limited since its establishment has been playing a leading role among the Shariah based Islamic banks functioning in Bangladesh. As shown in Table-2 the share of Islami Bank Bangladesh Limited alone, in terms of deposit and investment, is almost equal to that of aggregated amount of the remaining 6 Islamic banks. The following Tables will depict the position vividly how steady and phenomenal progress Islmai Bank Bangladesh Limited is making in different sectors: YEAR WISE GENERAL INVESTMENT TRENDTable-5

ECONOMIC PURPOSE-WISE INVESTMENT IN COMPARISON WITH PERSPECTIVE PLAN Table-3

(Amount in Million Taka)

Islamic Microfinance

Micro-finance as a means of extending banking services to the marginal and poverty stricken people typically unable to get any access to the mainstream finance markets, was pioneered by Bangladeshi economist Dr. Muhammad Yunus. Dr. Yunus was awarded the Nobel Prize for his immense contribution in poverty alleviation in Bangladesh. Islami Bank Bangladesh Limited, in keeping with its mission & vision as well as the spirit of Maqaside Shariah, has been extending Shariah compliant microfinance facilities to the people of below poverty line since 1995. In doing so, an investment program named Rural Development Scheme has been launched & currently around 1700 regular employees have been engaged to reach the Islamic microfinance facilities to the rural impoverished people across the country. The main objective of the Scheme is to create income generating and productive self-employment opportunities through extension of investment for the development of rural areas and thereby contribute in alleviating rural poverty. Position of Islamic Microfinance of Islami Bank Bangladesh Limited (as on 31.10.2010) Table-6

Amount in Million Taka

(US $ 1= Taka 70)Number of village11,225Percentage of recovery99.12%

Number of client310,702Mode of investment1. Mudaraba

2. Musharaka

3. Bai-Murabaha

4. Bai-Muazzal

Cumulative disbursement 30,524Market share (Village) 13%

Resilience

Despite the global financial crisis, the Islamic banks in Bangladesh have efficiently sustained their position & not in any way distressed whatsoever in terms of its profitability and growth. The compound annual growth of deposit as well as investment being 26.85% & 25.10% respectively for the year 2008-2009 is expected to be further boosted in 2010. The future of Islamic banking sector in Bangladesh appears to have been prospective due to the growing economic development in different sectors; strong regulatory and supervisory framework; increasing number of young and energetic entrepreneurs to take forward the SME sector as well as cheaper manpower. Corporate Social ResponsibilitySectors

Cumulative Number of BeneficiaryCumulative Disbursement

Health & Medicare

1. Assistance to charitable dispensaries

2. Assistance to poor patients

3. Sanitary latrine installation4. Mobile eye camp

5. Circumcision camp6. Arsenic mitigation tube well 2,985,349190,531,067

Educational Program1. Assistance for poor student

2. Assistance for Educational Institution

3. Scholarship program

4. Mobile library

5. Slum development30,638,006199,293,507

Literature ,Culture & Publication 1. Bangladesh Cultural Centre

2. Islamic Research Magazine3. Distribution to Islamic Literature 4. Assistance to youth club etc.5. Assistance to infants foundation6. Assistance for Child Development612,116135,207,184

Humanitarian Help Program1. Distress Women Rehabilitation Centre

2. Assistance to Orphan & Distressed

3. Quarde-e-Hasana75,335126,922,865

Mosques47,9618,028,514

Relief & Rehabilitation1. Relief & Rehabilitation Program

2. Fael Khair Program

139,772,501

Income Generating Program1. Sewing macine, self employment

2. Village Health Worker Training

315,77743,409,744

Total11,593843,165,382

Challenges:

Despite the phenomenal prospect of expansion, this industry suffers different challenges causing impediments on its progress. Effort is continuing to efficiently overcome thereof and hopefully the barriers will be slackened overtime. The common setbacks that are being faced are:

Lack of comprehensive legal system to allow the introduction of more Islamic financial tools.

Absence of Islamic money market.

Shortage of supportive and link-institutions. Lack of innovative products to boost corporate finance and increase liquidity position.

Growing competition due to new entrants/opening of Islamic windows. Lack of understanding of Islamic finance.

Lack of talented professional bankers. Lack of customers orientation in Islamic banking

Non-Bank Islamic Financial Institution

Apart from the Islamic banking various non-bank Islamic financial institutions have been established and efficiently functioning. The non-bank Islamic financial institutions include the following entities:Position of Non-Bank Islamic Financial InstitutionsTable -5Sl.No.Name of InstitutionNarure/Remarks

01.Islamic Finance and Investment Limited(IFIL)Investment Co.

02.Islami Insurance Bangladesh LimitedGeneral Insurance Co.

03.Takaful Islami Insurance LimitedGeneral Insurance Co.

04.Far East Islami Life Insurance LimitedLife Insurance Co.

05.Prime Islami Life Insurance Co.Life Insurance Co.

06.Padma Life Insurance LimitedTraditional Life Insurance Co. opened Islamic counter

07.Homland Life Insurance Limited Traditional Life Insurance Co. opened Islamic counter

08.Shandhani Life Insurance LimitedTraditional Life Insurance Co. opened Islamic counter

Overview of Islamic Finance in Bangladesh

Background

The saga of Islamic banking and finance of this country is to some extent different from those of others. The intellectual exercise to materialize the dream of Islamic banking and finance in this delta was going on for four decades starting from 1940s. In this period, a group of prominent visionary scholars of the subcontinent, with their own initiative & purely faith-driven obligation, performed voluminous works on Islamic economics and finance, side by side, endeavored a lot to draw an operational frame work of Islamic banking in particular. The basic theoretical works, so far required, was done in this very period and operational exercise thereof was being emphatically waited.

The aura of this long cherished hope was sighted first when Bangladesh signed the charter of Islamic Development Bank in August, 1974 & expressed commitment to restructure its financial system as per Islamic Shariah. In 1978 Bangladesh subscribed the recommendation of Islamic Foreign Ministers Conference held in Senegal regarding gradual establishment of Islamic banks in the member countries.

Meanwhile, two professional bodies- Islamic Economics Research Bureau (IERB) established in 1976 and Bangladesh Islamic Bankers Association (BIBA) established in 1980 made significant contributions towards introduction of Islamic banking in the country. They initiated a holistic approach in providing basic training on Islamic banking to the top bankers and economists to help overcome the probable leadership vacuum of the future Islamic banks in Bangladesh. A lot of seminars, symposia and workshops on Islamic economics & banking were arranged throughout the country to make the mindset & create awareness among the masses.

This development got further momentum in 1981, when the then President of Bangladesh while addressing the 3rd Islamic Summit Conference held in Mecca & Taif suggested The Islamic countries should develop a separate banking system of their own in order to facilitate their trade and commerce. In the subsequent year, a delegation of IDB paid a visit to Bangladesh and expressed their keen interest in establishing a joint venture Islamic Bank in Bangladesh.

Finally the epoch making event arrived; the long cherished aspiration turned into a reality and Islami Bank Bangladesh Limited, the first ever Islamic bank in South-East Asia was founded on 13th March, 1983 in sponsorship of the 22 national as well as following 14 international bodies and distinguished personalities:

List of the Sponsors of Islami Bank Bangladesh Limited

Table-1Sl.No.Name of SponsorSl. No.Name of Sponsor

01.Kuwait Finance House (K.S.C)

Safat, Kuwait08.The Public Institution for Social Security, Safat, Kuwait

02.Jordan Islamic Bank09.Ministry of Awqaf and Islamic Affairs, Kuwait

03.Islamic Investment & Exchange Corporation, Doha, Qatar10.Islamic Development Bank

04.Bahrain Islamic Bank11.Ministry of justice, Development of Minor Affairs, Kuwait

05.Islamic Banking System International Holding S.A; Luxembourg12.Mohammad Absur Razzaque Lasker (Late), Bangladesh

06.Al-Rajhi Company for Currency Exchange & Commerce, Riyadh, K.S.A.13.Sheikh Ahmed Saleh Jamjoom

Jeddah, K.S.A.

07.Dubai Islamic bank14.Sheikh Fouad Abdul Hameed

Al-Khateed (Late)

Impact of IBBL in Banking SectorThe establishment of Islamic Bank Bangladesh Limited is a milestone and a turning point in ushering the new era of Islamic finance & banking that paved the way to set up more Islamic banks in Bangladesh. Under this backdrop, the entrepreneurs became immensely encouraged to see the overwhelming success of Islami Bank Bangladesh Limited and came forward to invest their fund in the new industry of Shariah based Islamic banking and till now the following 6 full fledged Islamic banks (other than IBBL) have come into existence:

1. Al Baraka Bank Limited (now reorganized as The Oriental Bank Limited), established in 1987.

2. Al Arafah Islami Bank Limited, established in 1995.

3. Social Islami Bank Limited, established in 1995.

4. Shahjalal Islami Bank Limited, established in 2001.

5. Exim Bank Limited was originally a conventional bank. It converted its entire banking operations into an Islamic one since July 2004.

6. The First Security Bank Limited also was a conventional bank. It converted its entire operations into an Islamic one since 1st January, 2009.

Bangladeshs Islamic Banking System: Key Statistics (as at end-2009)

Table-1Amount in Million Taka

(US $ 1= Taka 70)RegulatorBangladesh BankMarket share of investment17.81%

Shariah supervisoryShariah Supervisory Board of the respective financial institutionCompound annual growth of deposit26.85% (2008-2009)

No. of Islamic banks07Compound annual growth of investment25.10% (2008-2009)

No. of conventional banks opened Islamic banking window13Islamic capital marketNIL

Total deposit of 7 full fledged Islamic banks490,359Money market productsNIL

Total investment453,639Deposit mechanism1. Mudaraba

2. Al-Wadeah

Investment-to-deposit ratio92.51%Capital market products1. Share against the paid up capital of each bank

2. Murabaha Perpetual Bond (MPB) launched by Islami Bank Bangladesh Limited

Market share of deposit15.78%Investment mechanism1. Bai-Murabaha2. Bai-Muazzal

3. Bai-Salam

4. Bai-Sarf

5. Quard-e-Hasana

6. Mudaraba

7. Musharaka

8. Istisna

9. Ijara

10. Ijara Wa Iqtina

11. Ijara Muntahina Bittamleek

Key Statistics of 7 (Seven) Islamic Banks as at end-2009 Table-2 Amount in Million Taka

(US $ 1= Taka 70)

Sl. No.Name of the BankPaid up CapitalNo. of BranchTotal Man PowerDepositMarket Share in DepositInvestmentMarket Share in InvestmentFr. Exchange Business Market Share in Fr. Ex. Business

01.Islami Bank Bangladesh Limited6,17824710,057243,6527.83%227,8638.94%462,37010.33%

02.ICB Islami Bank Ltd.6,6473172013,0460.42%13,4100.53%1,228.03%

03.Al-Arafah Islami Bank Ltd.1,799601,35038,3551.23%36,1341.42%60,4521.35%

04.Social Islami Bank Ltd2,692431,18331,5881.02%24,9380.98%34,8880.78%

05.EXIM Bank Limited3,374531,44073,8352.37%68,6102.69%162,6053.63%

06.First Security IslamicBank 2,300471,11542,4231.36%38,7261.52%20,2090.45%

07.Shahjalal Islami Bank2,740521,54747,4591.53%43,9581.73%79,4501.77%

Total

25,73053317,249490,35915.76%453,63917.81%821,20218.34%

Islamic Banking Windows

In the banking sector, the above banks are performing well and their steady development has lured different conventional banks to open Islamic banking window. Till now, total 13 conventional banks have opened around 30 Islamic banking windows which are currently operating with praiseworthy performance. The remaining Private Commercial Banks (PCB) as well as State owned Commercial Banks have been actively contemplating to open Islamic banking windows & of them have already finalized their decision to this effectStatistics of Islamic Banking Windows of 13 (Thirteen) Conventional Banks

as at end- 2009 Amount in Million Taka

Table-3 (US $ 1= Taka 70)Sl. NoName of the BanksNo. of BranchesTotal DepositTotal InvestmentProfit/Loss

01.Arab Bangladesh Bank Limited1 3,0801,760192

02.Prime Bank Limited.512,6808,984640

03.Jamuna Bank Limited2 2,3342,076158

04.Dhaka Bank Limited2 4,3592,255100

05.South-East Bank Limited5 10,3084,842236

06.Premier Bank Limited23,3561,26623

07.The City Bank Limited1 90065045

08.Standard Bank Limited2 20--

09.Standard Chartered Bank Limited (Sadiq)1 8021,374191

10.HSBC (AManah)1118 11073

11.Trust Bank Limited5---

12.Bank Asia Limited2---

13.Pubali Bank Limited1---

Total30 37,957 23,3171,658

Measures and incentives

Bangladesh Bank i.e. the Central Bank of Bangladesh does not offer any special incentive to Islamic banks but playing an impartial role in dealing with conventional and Islamic Banks as well as the Islamic windows of conventional banks. The Central Bank, however, formulated comprehensive guidelines for Islamic banks to help regulate their day to day operations.

The Islamic banks operating in the country are as usual required to comply with the international standards in respect of risk and capital adequacy as set by Basel. They are also expected to adhere to the rules and guidelines as set by the AAOIFI and the IFSB with regard to the accounting treatment of Islamic financial transactions.

Resilience

Despite the global financial crisis, the Islamic banks in Bangladesh have efficiently sustained their position & not in any way distressed whatsoever in terms of its profitability and growth. The compound annual growth of deposit as well as investment being 26.85% & 25.10% respectively for the year 2008-2009 is expected to be further boosted in 2010. The future of Islamic banking sector in Bangladesh appears to have been prospective due to the growing economic development in different sectors; strong regulatory and supervisory framework; increasing number of young and energetic entrepreneurs to take forward the SME sector as well as cheaper manpower.

Major Player

Islami Bank Bangladesh Limited since its establishment has been playing a leading role among the Shariah based Islamic banks functioning in Bangladesh. As shown in Table-2 the share of Islami Bank Bangladesh Limited alone, in terms of deposit and investment, is almost equal to that of aggregated amount of the remaining 6 Islamic banks. The following Tables will depict the position vividly how steady and phenomenal progress Islmai Bank Bangladesh Limited is making in different sectors: Islamic Microfinance

Micro-finance is a means of extending banking services to the marginal and poverty stricken people typically unable to get any access to the mainstream finance markets. Islami Bank Bangladesh Limited, in keeping with its mission & vision as well as the spirit of Maqaside Shariah, has been extending Shariah compliant microfinance facilities to the people of below poverty line since 1995. In doing so, an investment program named Rural Development Scheme has been launched & currently around 1700 regular employees have been engaged to reach the Islamic microfinance facilities to the rural impoverished people across the country. The main objective of the Scheme is to create income generating and productive self-employment opportunities through extension of investment for the development of rural areas and thereby contribute in alleviating rural poverty. Position of Islamic Microfinance of Islami Bank Bangladesh Limited (as on 31.10.2010) Table-6

Amount in Million Taka

(US $ 1= Taka 70)

Number of village11,225Percentage of recovery99.12%

Number of client310,702Mode of investment5. Mudaraba

6. Musharaka

7. Bai-Murabaha

8. Bai-Muazzal

Cumulative disbursement 30,524Market share (Village) 13%

Corporate Social Responsibility

Sl.No.Name of Project

No. of Unit

01.Islami Bank Hospital 6

02.Islami Bank Community Hospital7

03.Islami Bank Medical College 1

04.Islami Bank Medical College Hospital Nursing Institute1

05.Islami Bank Institute of Health Technology1

06.Islami Bank Homoeopathy Clinic1

07.Islami Bank Institute of Technology6

08.Islami International School and College1

09.Islami Bank Model School and College1

10.Islami Bank Mohila (Women) Madrasah1

11.Quranic Language Institute1

12.Bangladesh Sangskritic Kendra (Cultural Centre)2

23.Monoram-Islami Bank Crafts and Fashion1

24.Islami Bank Women Rehabilitation Centre1

25.Slum Development Project1

Sectors

Cumulative Number of BeneficiaryCumulative Disbursement

Health & Medicare

7. Assistance to charitable dispensaries

8. Assistance to poor patients

9. Sanitary latrine installation

10. Mobile eye camp

11. Circumcision camp

12. Arsenic mitigation tube well 2,985,349190,531,067

Educational Program6. Assistance for poor student

7. Assistance for Educational Institution

8. Scholarship program

9. Mobile library

10. Slum development30,638,006199,293,507

Literature ,Culture & Publication 7. Bangladesh Cultural Centre

8. Islamic Research Magazine

9. Distribution to Islamic Literature

10. Assistance to youth club etc.

11. Assistance to infants foundation

12. Assistance for Child Development612,116135,207,184

Humanitarian Help Program4. Distress Women Rehabilitation Centre

5. Assistance to Orphan & Distressed

6. Quarde-e-Hasana75,335126,922,865

Mosques47,9618,028,514

Relief & Rehabilitation3. Relief & Rehabilitation Program

4. Fael Khair Program

139,772,501

Income Generating Program3. Sewing macine, self employment

4. Village Health Worker Training

315,77743,409,744

Total11,593843,165,382