The board of directors of Islami Bank Bangladesh Limited (IBBL) recommended 10 percent stock and 8 percent cash dividend for the shareholders for the year 2013, subject to approval of the 31st annual general meeting of the bank.

The decision was taken at a meeting of the board at Islami Bank Tower in Dhaka on Saturday, said a press release.

Prof. Abu Nasser Muhammad Abduz Zaher, Chairman of the bank, presided over the meeting.

Vice Chairman Engr. Mustafa Anwar, representative of the Public Institution for Social Security, Kuwait,

Executive Committee Chairman Engr. Eskander Ali Khan, representative of Al-Rajhi Co. for Ind. and Trade,

KSA, Directors Md Abul Hossain, representative of Investment Corporation of Bangladesh, Dr. Abdulhameed

Fouad Al-Khateeb, Representative of Arabsas Travel and Tourist Agency, KSA, Dr. Areef Suleman,

Representative of Islamic Development Bank, Mohammad Abdullah Al-Jalahma, Representative of Kuwait

Awqaf Public Foundation, Salahuddin Ahmed, Representative of Kuwait Finance House, Md. Abdus Salam, FCA,

FCS, Humayun Bokhteyar, ACPA, FCA, Professor NRM Borhan Uddin, Ph.D, Prof Dr. AKM Sadrul Islam, Barrister

Mohammad Belayet Hossain and Mohammad Abdul Mannan, Managing Director attended the meeting.

The meeting approved the profit and loss account of the bank for the year 2013 and balance sheet as on 31 December 2013.