Islami Bank Bangladesh Limited approves 15% cash dividend

Islami Bank Bangladesh Limited approved 15% cash dividend for the shareholders for the year 2014. The dividend was approved in the 32nd Annual General Meeting of the Bank held on June 13, 2015, Saturday at Bangabandhu International Conference Centre, Dhaka. Engr. Mustafa Anwar, chairman (acting) of the bank, presided over the meeting while Yousif Abdullah Al-Rajhi of KSA, Vice Chairman, Dr. Abdul Hameed Fouad Al-Khateeb, representative of Arabsas Travel & Tourist Agency, KSA, Dr. Areef Suleman, representative of Islamic Development Bank, Nasser Ahmad Al Khudhar, Representative of Kuwait Awqaf Public Foundation, Kuwait and AHG Mohiuddin, representative of Al-Rajhi Company for Industry & Trade, directors of the bank addressed.

Sheikh Moulana Mohammad Qutubuddin, Chairman, Shari`ah Supervisory Committee, other directors, shareholders along with Mohammad Abdul Mannan, Managing Director, executives & officials of the bank were present in the meeting that approved the balance sheet ended 31st December 2014, Profit and Loss Account and Reports of the Directors and Auditors of the Bank.

Engr. Mustafa Anwar was reelected and AHG Mohiuddin, representative of Al-Rajhi Company for Industry & Trade was elected directors of the bank in the meeting.

Engr. Mustafa Anwar, chairman (acting) of the bank in his presidential speech said that Islami Bank is working for the development of socio-economy and living standard of the people of the country. The position of IBBL has come stronger more in Bangladesh due to trust and confidence of the people of Bangladesh to the bank. He called upon the all concerned to reach heartiest services of the bank to the doorsteps of the people irrespective of class, caste, religion and communal barriers. He expressed gratitude and thanked the Government, concerned ministry, Bangladesh Bank, BSEC, DSE along with the regulatory bodies, shareholders and mass people of the country for providing supports towards the bank.

Vice Chairman Yousif Abdullah Al-Rajhi said, Islami Bank is purely a professional banking institution run on Islamic Shariah. We are here to help Bangladesh and for Bangladesh. Islami bank has been working for expanding trade and commerce, developing entrepreneurship and ensuring welfare to the people of Bangladesh by complying all rules and regulations of authorities concerned. He said that the foreigners have invested in IBBL to work with Bangladesh as a development partner and expressed firm determination to continue the shari’ah banking here. 

IDB representative Dr. Areef Suleman said that Bangladesh is the founding member of Islamic Development Bank and IDB is the founding sponsor of Islami Bank Bangladesh Limited. IBBL is being considered as reference bank of Islamic finance in Bangladesh as well as around the globe, he said adding that 10 millions customers of the bank bear testimony to that IBBL is people’s bank. The bank has been playing significant role in SME investment and Rural Development of Bangladesh, he added. (Source: Press Release)