Islami Bank Bangladesh Limited (IBBL) approved 25pc stock and 7pc cash to shareholders for the year 2011. It stands a total 32 pc dividend.
The 29h Annual General Meeting (AGM) of the Bank approved the disclosures yesterday held at the city's Bangabandhu International Conference Centre. Prof. Abu Nasser Muhammad Abduz Zaher, chairman of the IBBL presided over the meeting and approved its balance sheet for the year up to December 30.
Adbullah Abdul Aziz Al-Rajhi & Yousif Abdullah Al-Rajhi of Saudi Arabia, Prof. Abu Nasser Muhammad Abduz Zaher, Representatives of Ibn Sina Trust, Dr. Abdulhameed Fouad Al-Khateeb, Representative Arabsas Travel & Tourist Agency, Engr. Md. Eskander Ali Khan, Representative of Al-Rajhi Co. for Industry & Trade Industrial Division, Riyadh, Mustafa Anwar, Representative of Public Institution for Social Security Kuwait, Md. Abul Hossain, Representative of Investment Corporation of Bangladesh, Salahuddin Ahmed, Representative of Kuwait Finance House were elected directors in the AGM.
Islamic Development Bank president Dr. Ahmad Mohamed Ali in a message presented at the meeting by Hafizul Islam Mian, director of the Bank said the Bank has moved from strength to strength during the last 28 years.
It has made active contribution towards the development of the Islamic Financial Industry as well as social services in Bangladesh over this period to become a model institution locally and internationally.
IDB President said IBBL is now an active player in international scene through cross-border strategic alliances with Islamic Banks in Asia and Afria. Such initiatives will have far reaching impacts in the development and consolidation of the Global Islamic Financial Industry, he emphasized.