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Board of Directors Meeting
Board of Directors Meeting
 
The Board of Directors of Islami Bank Bangladesh Limited recommended total 25% (17% stock and 8% cash) dividend for the Shareholders for the year 2012 subject to the approval of the 30th Annual General Meeting of the Bank. This was decided in a meeting of the Board of Directors of the Bank held on Thursday, 28 March 2013 at Islami Bank Tower.

The Board expressed deep sorrow at the death of President Md. Zillur Rahman and prayed for salvation of his departed soul remembering his contribution to the country and nation.

Presided over by Prof. Abu Nasser Muhammad Abduz Zaher, Chairman, Board of Directors of the Bank the meeting was attended among others by Engr. Mustafa Anwar, Vice Chairman and Representative of The Public Institutions for Social Security, Kuwait, Engr. Md. Eskander Ali Khan, Chairman, Executive Committee and Representative of Al-Rajhi Co. for Industry & Trade, K.S.A., Professor Dr. NRM Borhan Uddin, Chairman, Audit Committee, Md. Abul Hossain, Representative of Investment Corporation of Bangladesh, Adnan Midani, Outgoing Representative of Islamic Development Bank and Dr. Areef Suleman, Representative of IDB, Salauddin Ahmed, Representative of Kuwait Finance House, Mominul Islam Patwary, Hafizul Islam Mian, Md. Shahidul Islam, Prof. Mohammed Nazrul Islam, Md. Abdul Salam, FCA, FCS, Humayun Bokhteyar, ACPA, FCA, Prof. Dr. A.K.M Sadrul Islam and Barrister Mohammed Belayet Hossain, Directors and Mohammad Abdul Mannan, Managing Director of the Bank.

The meeting approved the Profit and Loss Account for the year 2012 and Balance Sheet as on 31 December 2012. The 30th Annual General Meeting will be held on May 22, 2013 at Bangabandhu International Conference Centre. The Record date for Dividend has been fixed on April 11, 2013.

It was also decided that the annual profit rate of Mudaraba Perpetual Bond of the Bank is 13.58% for the year 2012 which is the sum of 11.08% final rate of profit of 8 year term Mudaraba Savings Bond and 2.50% of the declared Dividend. The Profit of the Bond will be distributed within 30 days from holding of Annual General Meeting of the Bank.

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