Prime Bank Investment Ltd (PBIL)., the country’s leading investment bank, has launched four innovative discretionary product segments – Shariah, Women, Probashi, and Youth for capital market investment, catering to diverse investor segments under the brand “PrimeInvest- discretionary product suit”. The prestigious unveiling ceremony took place at The Westin Dhaka on February 18th and was graced by Dr. Shaikh Shamsuddin Ahmed, Honorable Commissioner BSEC, who attended as the chief guest, along with Mr. Tanjil Chowdhury, Prominent business icon and Chairman of Prime Bank PLC, Mr. Azam J Chowdhury, Director of Prime Bank PLC., Mr. C Q K Mustaq Ahmed, Chairman of Prime Bank Investment Ltd, honorable directors and senior officials from Prime Bank Investment, and other notable personalities and industry leaders.
This is the first time in Bangladesh that any investment bank is introducing a complete range of discretionary product segments designed to meet the investment needs of a diverse range of people, whether they are experienced investors or novices.
PrimeInvest Shariah introduces a suite of Shariah-compliant capital market investment solutions tailored for the broader Muslim community, under the supervision of a dedicated Shariah Board to ensure adherence to international Shariah screening standards.
PrimeInvest Probashi is a unique initiative offering investment opportunities for individuals living abroad. Through PrimeInvest Probashi, our remittance earners can invest online in the capital market with just a few clicks.
PrimeInvest Women is committed to empowering women in investment, encouraging their active engagement in the capital market. With a dedication to fostering financial inclusion and prosperity for women from diverse backgrounds, PrimeInvest Women provides a variety of unique portfolio management products.
PrimeInvest Youth is a specially crafted investment scheme designed to empower youths aged between 18-25. For young earners, this monthly investment plan can be the best way to fulfill their long-term financial goals through a more disciplined approach along with the benefit of the power of compounding.
The BSEC commissioner and honorable chief guest Dr. Shaikh Shamsuddin Ahmed applauded PrimeInvest’s new four products in terms of investment in the capital market. He stated that the Bangladesh Securities and Exchange Commission (BSEC) is striving to introduce Islamic Shariah-based products to the capital market. Various Shariah-based products have been introduced, including Sukuk bonds. As these products begin to emerge, the commission is actively promoting their advancement. He also emphasized the significant contributions of the banking sector despite concerns about non-performing loans, stressing the need to explore additional sources. He underscored the commission’s commitment to continuous growth and expansion over the past 50 years, highlighting the necessity of variety of products targeting different segments like Shariah, Probashi, Women and Youth for encouraging more investments to achieve this objective.
Prime Bank PLC Director, Azam J. Chowdhury, remarked that Prime Bank Investment has introduced some commendable products to the market, and he praises these initiatives. He believes these products will have a positive impact on the capital market and will encourage participation from investors. Another significant aspect of PBIL is the absence of negative equity, which strengthens it to launch various products including a capital guarantee scheme. Mr. Chowdhury also the chairman of Eastcost group emphasizes the importance of introducing quality stocks to the market, noting that many reputable companies are eager to participate but face several obstacles. He asserts that facilitating the entry of such companies into the market will increase investor interest. As such, he urges the regulatory body to streamline and simplify the listing process to encourage the proliferation of quality shares in the market.
Mr. C Q K Mustaq Ahmed, Chairman of Prime Bank Investment, stated, “The board and management of PBIL are comprised of highly competent and professional individuals with high levels of integrity and moral standards. It is a well-managed and compliant investment bank where potential investors can confidently place their investible funds.”
In this ceremony, Mr. Syed M Omar Tayub, Managing Director, and CEO of PBIL said, “At Prime Bank Investment, our mission is to empower investors from all segments of society by offering diverse investment options. Despite the higher long-term return potential, tax rebates, and zero tax on capital gains, the number of investors in capital market remains significantly lower than those of bank accounts, mobile financial services (MFS) accounts, and accounts from other financial services. Our comprehensive discretionary product segments will bridge this gap by catering to the evolving needs of investors in different segments such as Shariah, Probashi, Women, and Youth in Bangladesh.
