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Donation to PM’s Zakat Fund

Media report false, says IBBL chairman

Staff Correspondent     19 May, 2017 12:00 AM

Arastoo Khan

The Islami Bank Bangladesh Ltd (IBBL) authorities have refuted the media reports that the bank is going to donate Tk 450 crore to the Prime Minister’s Zakat Fund.

“The reports about the donation are false and misleading,” IBBL chairman Arastoo Khan told a press conference at its head office in Motijheel on Thursday.

  He said there is only Tk 28 crore in the bank’s zakat fund. But media ran the reports, quoting IBBL vice-chairman Syed Ahsanul Alam Parvez as saying.

 Khan clearly said Ahsanul spoke to the media about the issues which were not discussed at the meeting of the IBBL board of directors.

 Besides, a decision to distribute Tk 13 crore to people for taking Iftar during Ramadan is not correct, he added.

 Asked whether the IBBL would remove Ahsanul, Khan said it is a long process to remove any independent director from a bank’s board.

 The vice-chairman has violated his oath and breached the trust.

A director should not disclose any information about the bank unless he is authorised to do so, he further said.

 The private bank has been contributing to the country’s development and its people through the banking service.

 The IBBL chief said the bank received Tk 347 crore as zakat and distributed Tk 174 crore in the last 34 years. The bank preserves Tk 145 crore for paying tax. An amount of Tk 27.84 crore is left to be distributed as zakat now.     The bank has not decided to submit the list of recipients of CSR fund to the Home Ministry, he said.

 Arastoo Khan said he met Prime Minister Sheikh Hasina. He was asked to clarify the report. The premier was surprised as she did not ask for such money.

 He said the vice-chairman tried to put the government, the Prime Minister and the bank in an awkward situation by spreading such a rumour.