DHAKA, Feb 19, 2023 (BSS) - Nagad Islamic has bagged the award for "Best Innovation in other financial institutions" at the fifth Bangladesh Innovation Award gala 2023, in recognition of its innovative approach and success in introducing the country's first and only Shariah compliant mobile financial service.
 
The widely-acclaimed award ceremony, presented by GPH Ispat in collaboration with Aspire to Innovate (a2i) and in association with The Daily Star, was held yesterday at a city hotel.
Zunaid Ahmed Palak, state minister for ICT Division, graced the occasion as the chief guest.
 
On behalf of Nagad, Sheikh Aminur Rahman, chief corporate affairs officer, Sadat Adnan Ahmad, chief marketing officer, Muhammad Solaiman, director of Public Affairs, Abu Sufian Mohammad Khaled, general manager of digital planning and GTM, and Ariful Alam, manager of corporate communications received the award.
 
Expressing his reaction after winning this award, Mohammad Aminul Haque, executive director of Nagad and member of the Shariah Supervisory Committee of Nagad Islamic said, "It's a great honour for us."
 
"We're happy that such an initiative that offers the people the Shariah-compliant payment solution has got recognition," he added.
 
The grand award gala, which was preceded by the 4th edition of the Bangladesh Business Innovation Summit, honoured some 49 innovations with 26 winners and 23 honourable mentions. 

Other winners in different categories include Aspire to Innovate (A2i), Directorate of National Consumer Rights Protection (DNCRP), 4A Yarn Dyeing Limited, Frobel Academy, Bangla Iskool& Singularity Limited, ACI Limited, Hishab Technologies, Mastercard, Green Delta Insurance Company Ltd.
 
The award ceremony was attended by more than 500 professionals and industry experts. 

This year, more than 300 nominations from over 100 organisations were submitted for the award in 21 categories. All the nominated campaigns were selected through 9 rigorous jury sessions comprising the most respected industry experts to keep the process transparent, accountable, and bias-free.