A meeting of the Board of Directors of Islami Bank Bangladesh Limited was held at the Board Room of Islami Bank Tower on Saturday . Engr. Mustafa Anwar, Chairman (Acting) of the Bank presided over the meeting. Local and foreign…
A meeting of the Board of Directors of Islami Bank Bangladesh Limited was held at the Board Room of Islami Bank Tower on Saturday . Engr. Mustafa Anwar, Chairman (Acting) of the Bank presided over the meeting. Local and foreign…
Planning Minister AHM Mustafa Kamal has joined Finance Minister AMA Muhith to dismiss the Wold Bank’s forecast on the country’s growth prospects.
A Dhaka court on Monday sentenced seven former officials of Oriental Bank to 10 years’ imprisonment with a fine of Tk one crore ninety lakh in a loan scam case. Judge Hosne Ara Begum of Dhaka’s Special Judge Court-2 pronounced…
China blocking North Korea entry to int’l bankChina is not allowing North Korea to become a member of the newly established Asian Infrastructure Investment Bank (AIIB), sources told the financial news site Emerging Markets. The new bank, proposed by the…
Islami Bank Bangladesh Limited with the technical support of mobile-based service provider SSL Wireless launched online payment service through internet and mobile banking. The service was inaugurated at Islami Bank Tower in the city on Tuesday, said a press release.
A Dhaka court on Sunday summoned BNP Chairperson Khaleda Zia, late Arafat Rahman Koko’s wife and his two minor daughters to appear to the court in the case filed for the default loan of Dandy Dying Limited on April 12.…
Water experts on Sunday urged the government to strengthen cooperation with neighbouring countries to address the future water demand as water scarcity is growing in the South Asia region. “It’s imperative to have a regional cooperation for river basin management,…
The Board of Directors of Islami Bank Bangladesh Limited (IBBL) has recommended a 15 percent cash dividend for the shareholders for the year 2014 subject to approval at the 32nd Annual General Meeting of the bank. This was decided in…
The World Bank board has approved $200 million “interest-free” loan to Bangladesh to execute livelihood projects.
A meeting of the Shari’ah Supervisory Committee of Islami Bank Bangladesh Limited was held on Thursday at Islami Bank Tower. Sayeed Ahmad, Vice Chairman of the Committee and Mufti of Al Jamiatus Siddikiah Darul Ulum (Madrasha-e-Furfura Sharif) presided over the…
The members of the IMF Mission presented several research papers on lending rates in Bangladesh, trade elasticity, inflation and economic activities in Bangladesh on March 9, 2015 at Bangladesh Bank Head Office. Chief Economist’s Unit of Bangladesh Bank organized the…
By Jonathan Meaney, staff writer at The Worldfolio The central bank governor of Bangladesh Dr. Atiur Rahman has been lauded for his contribution towards promoting socially and environmentally responsible financing in Bangladesh without compromising macroeconomic stability. The perception of bankers…
Islami Bank Bangladesh Limited and Accuity, an UK based Anti-money Laundering (AML) compliance solutions provider signed an Agreement on March 1, 2015 at Islami Bank Tower in Dhaka to formally acknowledge the successful implementation of Accuity’s Compliance Link solution for…
Bangladesh Bank Governor Dr. Atiur Rahman received the ‘Central Bank Governor of the Year- Asia Pacific, 2015’ award by the London-based Financial Times owned magazine, ‘The Banker’ for his significant contribution towards promoting socially and environmentally responsible financing in Bangladesh…
Criticising the perception of Islamic banking, Finance Minister AMA Muhith on Sunday termed it ‘fraudulent’ one set up on ‘wrong perception’. Responding to a question from Habibur Rahman Mollah (Dhaka-5) in parliament, he said, “The system appears to me absolutely…
Dr Atiur Rahman Attaining high quality of corporate governance is important for creating and maintaining investor confidence in corporate businesses and much more so for banks as they are highly leveraged and engaged in risk bearing investments with depositors’ funds…
A meeting of the Board of Directors of Islami Bank Bangladesh Limited (IBBL) was held at the Board Room of Islami Bank Tower on Saturday. IBBL acting Chairman Engineer Mustafa Anwar presided over the meeting. Local and foreign directors along…
Islami Bank Bangladesh Limited was awarded the “ICMAB Best Corporate Award-2014” by the Institute of Cost and Management Accountants of Bangladesh in Private Commercial Banks (Islamic operation) category.
Any outsourcing outside Bangladesh will require prior approval of Bangladesh Bank under Section 12 of the Bank Company Ain, 1991 regardless of the fact that the specified functions is conducted by or data is provided to an unrelated third party…
The Bangladesh Bank (BB) on Tuesday lifted the restriction on installing electronic banking booths including ATMs (automated teller machines). Issuing a circular, the central bank suggested to all banks that they would no longer require to seek BB’s permission to…
A 2-day Business Development Conference of Islami Bank Bangladesh Limited which began at a city hotel on Saturday is now is progress. Engr. Mustafa Anwar, acting chairman of the bank, was present as the chief guest in the inaugural ceremony…
The banks in Bangladesh were on Thursday issued guidelines to assess risks of money laundering and terrorist financing in their operations, and were given by three months to complete such assessment 31 March. The output of this assessment will be…
Bangladesh Bank Governor Dr. Atiur Rahman on Thursday inaugurated an online payment gateway of Bank Asia and Payonees in Dhaka. Given below is part of the statement he made at the function: I am happy to see Bank Asia, one…
Bangladesh Bank (BB) Governor Atiur Rahman has been awarded the “Central Banker of the Year 2015” for the Asia-Pacific. The Banker, a magazine of the London-based Financial Times, announced the award on Monday. Dr Atiur received the award for his…
Islami Bank Bangladesh Limited (IBBL) distributed warm clothes among the cold-affected destitute in the city on Wednesday. IBBL Managing Director Mohammad Abdul Mannan distributed blankets at the bank’s head office.
A meeting of the Shariah Supervisory Committee of Islami Bank Bangladesh Limited was held on Tuesday at Islami Bank Tower in the city. Mufti Sayeed Ahmad, Vice-chairman of the committee and Mufti of Al Jamiatus Siddikiah Darul Ulum (Madrasha-e-Furfura Sharif),…
Islami Bank Bangladesh Limited opened its 294th Branch at Kapasia Bazar in Gazipur on Sunday. Humayun Bokhteyar, ACPA, FCA Director of the Bank inaugurated the branch as the chief guest. Mohammad Abdul Mannan, Managing Director of the Bank, Khandakar Azizur…
The interest rate on agriculture and rural loans has been lowered to 11 percent from 13 percent, under a Bangladesh Bank directive. A circular issued by the Banking Regulation and Policy Department (BRPD) of the central bank said that the…
Islami Bank Bangladesh Limited (IBBL) has donated 50,000 pieces of winter clothes to the Prime Minister’s Relief Fund. Acting IBBL chairman Engineer Mustafa Anwar handed over the clothes to Prime Minister Sheikh Hasina at her official residence Ganobhaban on Saturday,…
Islami Bank Bangladesh Limited opened its 293rd Branch at Dholaikhal here on Thursday. Engr. Mustafa Anwar, acting Chairman of the Bank, inaugurated the branch as the chief guest. Mohammad Abdul Mannan, Managing Director of the bank, presided over the inaugural…