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Managing Director of Islami Bank Bangladesh Limited and Managing Director of Jaiz Bank, Nigeria signing management agreement on September 14, 2011
 Managing Director of Islami Bank Bangladesh Limited and  Managing Director of Jaiz  Bank, Nigeria signing management agreement on September 14, 2011
 
A management agreement was signed between Islami Bank Bangladesh Limited and Jaiz Bank (Proposed), Nigeria on Wednesday, September14, 2011 at Sonargaon hotel.

Under this agreement Islami Bank Bangadesh Limited will make available suitable, qualified and experienced personnel required for the efficient operation of the business, develop capacity building programs for the training and development of the workforce, design and implement appropriate procedures for all processes, transactions and products to ensure smooth, efficient and effective operations, select and implement an appropriate information technology platform, develop a marketing policy and strategy for the business, design, develop and entrench an appropriate Islamic Banking risk management framework, assist in establishing a competent Shari`ah Supervisory Board and design and implement an efficient and effective role out program including branch development of Jaiz Bank, Nigeria.

Mohammad Abdul Mannan, Managing Director of Islami Bank Bangladesh Limited and Mohammad Mustapha Bintube, Managing Director of Jaiz Bank, Nigeria signed the agreement on behalf of their respective sides. Dr. Umaru Abdul Mutallab, Chairman of Jaiz Bank, Prof. Abu Nasser Muhammad Abduz Zaher, Chairman, Engr. Mustafa Anwar, Vice Chairman, Md. Shahidul Islam, Chairman of Audit Committee, Hafizul Islam Mian, Engr. Muhammad Dawood Khan, Md. Abdus Salam, FCA, FCS, Humayun Bokhteyar, ACPA, FCA, Professor Dr. NRM Borhan Uddin, Directors and top Executives of IBBL were present on the occasion. Earlier an agreement of techinal services was signed between the Banks on last December.

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