Islami Bank Bangladesh PLC and Jagannath University (JnU) have signed a Memorandum of Understanding (MoU) to issue co-branded Master Debit Cards featuring the university's name and identity for its teachers, students, officers, and employees.
The signing ceremony was held at JnU, with its Vice-Chancellor Prof Dr Md Rais Uddin attending the event as the chief guest, according to a press release issued on Thursday.
Senior Vice President of Islami Bank Md Zahirul Islam and JnU Treasurer Prof Dr Sabina Sharmin signed the agreement on behalf of their respective institutions.
Under the agreement, cardholders will gain access to Islami Bank's modern digital banking services, including the CellFin app, POS and QR payment options, and its widespread ATM/CRM network.
The initiative includes fee-free privileges, dedicated facilities for students, and financial literacy programmes to enhance financial awareness among university stakeholders.
Provisions have also been made to extend services through other card schemes, including Visa and UPI, based on future requirements.
Islami Bank Executive Vice Presidents Md Maznuzzaman and Md Mosharraf Hossain, Senior Vice President Muzahidul Islam, and other senior officials from both organisations were present at the event.