AAM Zakaria, Managing Director of First Security Islami Bank inaugurates a branch of the bank at Shyamnagar in Satkhira Tuesday.

First Security Islami Bank Limited (FSIBL) opened a branch at Shyamnagar in Satkhira Tuesday. AAM Zakaria, Managing Director of the bank inaugurated the branch, said a press release.

AHM Golam Reza, MP, Kazi Md. Amanullah, Head of General Services Division, Taher Ahmed Chowdhury,

Head of Information and Communication Technology Division, Azam Khan, Head of Marketing and Development Division,

Sheikh Abdul Wadud, Manager, Khulna Branch, Md. Abdur Rashid, Manager, Jessore Branch, and local elites were also present.

M. Azizul Huq, Chairman, Pubali Bank Shariah Supervisory Committee, presides over the 11th meeting of Pubali Bank Shariah Supervisory Committee in Dhaka recently.

The 11th meeting of Pubali Bank Shariah Supervisory Committee was held recently to review the overall position of the Islamic banking.

M. Azizul Huq, Chairman, Pubali Bank Shariah Supervisory Committee, presided over the meeting, said a press release.

Pubali Bank has been providing Islamic banking services in Principal Branch, Dhaka and Stadium Branch, Sylhet on the basis of Islamic Shariah.

Moniruddin Ahmed and Ahmed Shafi Choudhury, Directors, Helal Ahmed Chowdhury, Managing Director, Prof. M. Muzahidul Islam, Prof. M. Mansurur Rahman,

Mowlana Abdullah Bin Sayeed Jalalabadi, Mokhlesur Rahman, Mohammad Mahbubur Rahman, Islamic Economists and Abdul Gofran,

Head of Islamic Banking Wing of the bank were present at the meeting as members of Shariah Supervisory Committee.

The meeting discussed about the expansion, growth and reviewed the overall performance of Islamic banking and expressed satisfaction over the performances.

Islami Bank Bangladesh signed an agreement with TMA Distribution Limited for expanding mobile banking service Mcash.

Mohammad Abdul Mannan, Managing Director of the bank, the agreement was signed on April 16, 2013 at Board Room of Islami Bank Tower, said a press release.

Mohd. Shamsul Haque, Deputy Managing Director of Islami Bank and Kazi Rakib Ansari, Managing Director of TMA Distribution Limited inked the deal on behalf of their respective sides.

Md. Habibur Rahman, Engr. Md. Abul Bashar and AKM Abdul Malek Chowdhury, Deputy Managing Directors of Islami Bank and top executives and officials of the bank and TMA Distribution Limited were also present on the occasion.

Meanwhile another agreement was signed between Islami Bank and Hajj Agencies Association of Bangladesh (HAAB) with a view to facilitate HAAB members through IBBL ATM and Onlice Services. 

After revising the rights offer, the board of directors of BRAC Bank Limited has recommended 1:2 rights shares for the shareholders, meaning one rights share for every two shares in the holding.

The bank offered rights share at an issue price of Tk 20 each including a premium of Tk 10 per share.

Earlier on 20th May last year, the bank had offered 1: 2 rights share at an issue price of Tk 25 each including a premium of Tk 15 a share.

As per the revision, the bank has cut Tk 5 issue price for raising the paid up capital.

Raising paid-up capital is subjected to the approval of general meeting and the regulatory authorities.

The company will organise an AGM at Savar in Dhaka on 9th May, 2013 and the record date for AGM has been set on 7th April.

Another record date for entitlement of the proposed rights shares will be set later on after obtaining approval from the Bangladesh Securities and Exchange Commission (BSEC).

Bangladesh Bank has taken an initiative to supply metal coins of different denominations through eleven commercial banks in a bid to facilitate city people to conduct their daily transactions.

Besides, the central bank will supply metal coins worth Tk 1, Tk 2 and Tk 5 through all commercial banks across the country, said a press release.

Recently the central bank has taken a decision to supply the metal coins through Press Club and Bangabandhu Avenue branches of Sonali Bank,

Ramna and Elephant Road branches of Agrani Bank, New Market branch of Janata Bank, Sadarghat branch of Pubali Bank,

Bashundhara branch of Social Islami Bank, Gulshan branch of Dutch-Bangla Bank, Kawran Bazaar branch of Southeast Bank, Malibagh branch of Prime Bank and Jatrabari branch of National Bank Limited.