IBBL approves 15pc cash, 10pc stock dividends
Sunday, 2 September 2007
Islami Bank Bangladesh Limited (IBBL) approved 15 per cent cash and 10per cent stock dividends for its shareholders for the year 2006, said a press release.
The dividends were approved in the 24th annual general meeting held Friday in the city.
Chairman of the board of directors of the bank Abu Nasser Muhammad Abduz Zaher presided over the meeting.
Representative of Kuwait Awqaf Public Foundation Ahmed Mohammed Thani and representative of Islamic Development Bank Washim Ahmed were elected directors and representatives of ICB Asset Management Company Ltd Kazi Harun-ar-Rashed and Md Favekuzzaman and representative of Maruf Foundation Mominul Islam Patwary were re-elected directors of the bank.
President of Islamic Development Bank Ahmad Mohamed Ali was also present in the meeting. He said poverty reduction is the main goal of IDB. Recently a ten billion dollar Islamic Solidarity Fund for Development was established as the flagship of the Ummah for reducing poverty.
He also said Bangladesh has shown the way to the world as to how to reduce poverty by working with the poor and making them bankable. IDB is very keen to replicate this model and Islamic products throughout the Muslim world. In this perspective, he expected the IBBL to go global to disseminate its rich experiences in Islamic banking to other member countries.
Abu Nasser Muhamad Abduz Zaher, while presiding over the meeting, said in all their efforts are for the well-being of the people of the country. As such, the bank has become the bank of all the people of the country, he added.
The dividends were approved in the 24th annual general meeting held Friday in the city.
Chairman of the board of directors of the bank Abu Nasser Muhammad Abduz Zaher presided over the meeting.
Representative of Kuwait Awqaf Public Foundation Ahmed Mohammed Thani and representative of Islamic Development Bank Washim Ahmed were elected directors and representatives of ICB Asset Management Company Ltd Kazi Harun-ar-Rashed and Md Favekuzzaman and representative of Maruf Foundation Mominul Islam Patwary were re-elected directors of the bank.
President of Islamic Development Bank Ahmad Mohamed Ali was also present in the meeting. He said poverty reduction is the main goal of IDB. Recently a ten billion dollar Islamic Solidarity Fund for Development was established as the flagship of the Ummah for reducing poverty.
He also said Bangladesh has shown the way to the world as to how to reduce poverty by working with the poor and making them bankable. IDB is very keen to replicate this model and Islamic products throughout the Muslim world. In this perspective, he expected the IBBL to go global to disseminate its rich experiences in Islamic banking to other member countries.
Abu Nasser Muhamad Abduz Zaher, while presiding over the meeting, said in all their efforts are for the well-being of the people of the country. As such, the bank has become the bank of all the people of the country, he added.