Islami Bank opens brokerage house
Friday, 4 January 2008
FE Report
Islami Bank Bangladesh Limited (IBBL) has started its brokerage house as a member of the Dhaka Stock Exchange after getting permission from the Securities and Exchange Commission and Dhaka Stock Exchange Limited.
The brokerage house has been inaugurated at the Securities Trading Department of IBBL at Dilkusha Commercial Area in the city.
IBBL Acting Chairman Moulana Zainul Abedin inaugurated the house. Executive President M Fariduddin Ahmad presided over the inaugural function.
Member-Additional Secretary of Shari'ah Council Mohammad Serajul Islam, deputy executive presidents Mohammad Shamsul Haque, Mohammad Abdul Mannan and Md Habibur Rahman and Executive Vice President and Company Secretary Md Shouquat Ali were present at the function. Top executives of the head office of the bank also attended the function.
Zainul Abedin said shares and bonds of Shari'ah-based institutions would be transacted through this brokerage house. He called upon the officers to follow the principles of Shari'ah strictly and to establish the house as one of the leading brokerage houses of the country.
He said, as the activities of Islamic banking is increasing day by day all over the world, Islamic banking would extend more rapidly in the country inhabited by 90 per cent Muslim population.
M Fariduddin Ahmad urged the officers to conduct research work on how the number of shares and bonds of different institutions based on shari'ah could be poured into the capital market.
Islami Bank Bangladesh Limited (IBBL) has started its brokerage house as a member of the Dhaka Stock Exchange after getting permission from the Securities and Exchange Commission and Dhaka Stock Exchange Limited.
The brokerage house has been inaugurated at the Securities Trading Department of IBBL at Dilkusha Commercial Area in the city.
IBBL Acting Chairman Moulana Zainul Abedin inaugurated the house. Executive President M Fariduddin Ahmad presided over the inaugural function.
Member-Additional Secretary of Shari'ah Council Mohammad Serajul Islam, deputy executive presidents Mohammad Shamsul Haque, Mohammad Abdul Mannan and Md Habibur Rahman and Executive Vice President and Company Secretary Md Shouquat Ali were present at the function. Top executives of the head office of the bank also attended the function.
Zainul Abedin said shares and bonds of Shari'ah-based institutions would be transacted through this brokerage house. He called upon the officers to follow the principles of Shari'ah strictly and to establish the house as one of the leading brokerage houses of the country.
He said, as the activities of Islamic banking is increasing day by day all over the world, Islamic banking would extend more rapidly in the country inhabited by 90 per cent Muslim population.
M Fariduddin Ahmad urged the officers to conduct research work on how the number of shares and bonds of different institutions based on shari'ah could be poured into the capital market.