IBBL working for country\\\'s \\\'economic development\\\'
Saturday, 29 November 2014
A meeting of the Board of Directors of Islami Bank Bangladesh Limited (IBBL) was held in the city on Friday, says a press release.
Chairman of the bank Abu Nasser Muhammad Abduz Zaher presided over the meeting. Local and foreign Directors along with Managing Director Mohammad Abdul Mannan and Member Secretary of Shariah Supervisory Committee of the bank Prof Abu Bakr Rafique were present in the meeting.
Abu Nasser said the bank has been working for the economic development of the country through diversified business activities.
He said the government is trying to bring happiness in social, individual and state life through various development activities.
Islami Bank is also working with the same mission as an auxiliary of the government.
"Islami Bank is ethically, mentally, morally, practically convinced to comply with the guidelines, instructions and policies of all regulatory authorities including Bangladesh Bank and SEC (Securities and Exchange Commission)," the IBBL chairman said adding that it is fully compliant with the principles of Shariah.
He said the bank, since its inception, has been totally transparent in all of its activities like collecting deposits, making investment and incurring expenditure.
"All of our banking transactions are well recorded, verified and audited by internal and statutory auditors including Bangladesh Bank," he added.
He said the bank is open for any appropriate authority, legal authority to inspect any office account or activity.
The bank did never expand any investment or assistance in favour of any business or non-business people for any unethical, anti-state, anti-law and anti-human activities.
The bank has shown zero tolerance to illegal, unholy and terrorist activities.
He said: "This bank belongs to the 160 million people of the country. This bank is working for all the people of the country irrespective of caste, creed, religion, sect, gender and political standing."
"There are huge numbers of non-Muslims among both of our deposit and investment clients. A big portion of our RDS beneficiaries is women and non-Muslim," the chairman said.
He requested all to be more responsible in making comment relating to the bank.
The meeting expressed its satisfaction while evaluating the performance of the bank over the success and progress achieved so far and took some important business decisions.
Besides these, the management was advised to play a pioneer role in industry and agriculture sector by enhancing trade and commerce for the growth of the country.