Islami bank Bangladesh Limited has approved 35 per cent stock dividend in its 28th Annual General Meeting held on Wednesday at Bangabandhu International Conference Centre, Dhaka. Prof. Abu Nasser Muhammad Abduz Zaher, chairman, board of directors of the bank presided over the meeting and approved balance sheet up to 31st December 2010, profit and loss account and reports of the directors and auditors, says a press release.
Md Dawood Khan, Md Shahidul Islam and Nazrul Islam were re-elected as directors and Mominul Islam Patwary was elected director of the bank. Earlier, Extra-ordinary General Meeting (EGM) was held at the same venue. Authorized Capital of the Bank raised to Tk.2000 crore from Tk 1000 crore in the meeting.
Dr Ahmad Mohamed Ali, president, Islamic Development Bank was present in the meeting. Dr Ahmad in his speech said that recently Islami Bank has become an active player on the international scene through cross-border strategic alliances with Islamic Bakns in Asia and Afria. Such initiatives will have far reaching effects in the development and consolidation of the Global Islamic Financial Industry.

News: The Independent/ Bangladesh/ May-19-2011