IBBL not involved in terror financing: IDB President

Visiting President of the Islamic Development Bank (IDB) Dr Ahmad Mohammad Ali  said Islami Bank Bangladesh Ltd (IBBL) is not involved in terror financing in any way.
He came up with the claim at a press conference at the IDB Bhaban in the capital’s Agargaon area to brief about the progress of the IDB’s Fael Khair programme of construction of 180 school-cum-cyclone shelters in the country’s coastal areas Monday, according to a news agency.
“It’s absolutely wrong. You know well that it is ethical financing. So it’s absolutely not correct,” he said replying to a query if IDB, as leader of Islami Bank Bangladesh, thinks there is space for Islami Bank to have involvement in financing terrorism. Dr Mohammad Ali said the construction of some 180 cyclone shelters, including 24 schools-cum-cyclone shelters sponsored by the IDB will be completed by the end of the next year.
The IDB president said construction of 24 school-cum-shelters has already been completed. A total of 180 shelters, in the 15 construction packages, will be built in 40 upazilas of 13 coastal districts under the Fael Khair Programme of the IDB at a cost of US$ 110 million, he added.