Islami Bank Bangladesh Limited
Motorcycles handover ceremony for Islami Bank Bangladesh Limited (IBBL)-Ria Money Transfer Cash Remittance Festival was held on Tuesday. Mohammed Monirul Moula, Managing Director and CEO of IBBL, handed over the prize as the chief guest to the 9 winners of Dhaka Central, South, and North Zones of the bank. Suhail Shamsi, Business Development Director (South Asia) of Ria Money Transfer addressed the programme as a guest of honour. The function was presided over by Muhammad Qaisar Ali, Additional Managing Director of the bank. The winners are Md. Sumon and Ahsan Ullah, clients of Kapasia Branch, Masud Mridha of Bhulta Branch, Asma Yesmin of Farmgate Branch, Md. Robiul Islam of Madahbdi Branch, Suma Begum of Palash Branch, Harun Rashid of Atibazar Branch, Samsunnahar Begum of Raipura Branch and Jesmin Parvin of Meradia Sub-branch. The campaign will run until May 14, 2023 in which one person can win a motorcycle every day among the cash remittance clients of IBBL, for sending remittance through Ria Money Transfer from any country.
Despite criticism of mismanagement and loan scams, the Islami Bank Bangladesh Limited (IBBL) has secured a top position in making operational profit in 2022, according to a Bangladesh Bank report. The IBBL has now the highest deposit holding in the country. The depositors rushed to withdraw their money from the bank amid reports of loan scams in last November and December. Banks have prepared financial reports based on their branch office information on disbursed loans and their collection update. The BB report released late Saturday found that the operating profit of most of the banks increased in 2022, compared to the same period of the previous (2021) year. Also Read: Deposits at IBBL 'completely safe': Bangladesh Bank According to the report, IBBL is at the top among the banks in gaining operational profit. In 2022 (January-December), the bank made an operating profit of Tk 2,646 crore. In the previous year in 2021, the profit of the bank (IBBL) was Tk 2430 crore. In 2020, it was Tk 2350 crore. Among other banks, in 2022, the state-owned Sonali Bank made an operating profit of Tk 2,520 crore. In 2021, it was Tk 2100 crore. Also Read: IBBL reaches Tk 1.40 trillion deposits, 1.16 trillion investments: IBBL MD But operating profit is not the actual profit of the bank. Net profit will be calculated after saving provision or safety stock at fixed rate against debt from operating profit and payment of corporate tax. Net profit is the actual profit of the bank. State-owned BASIC Bank could not make operating profit in 2022. On the contrary, they incurred a loss of Tk 371 crore; Last year also the loss was Tk 80 crore. Apart from this, Citizen Bank has made an operating profit of Tk 2.54 crore in six months. The bank started operations in mid of 2022. Economist and former adviser of caretaker government Dr. ABM Mirza Azizul Islam told UNB, "Bangladesh Bank is giving special benefits to the defaulters and showing the interest of such loan to the income sector. In this case, the financial report of the bank is being shown well on paper.” Read More: BB disburses Tk 4000 crore as liquidity support to 5 Islami banks He also said, "Political commitment and goodwill are needed to restore order in banks." According to the data of the Central Bank, in the quarter of September 2022, the defaulted loan amount in the banking sector of the country has increased to more than Tk1.34 crore, which is 9.36 percent of the total loan.
Islami Bank Bangladesh Limited has been awarded as the highest taxpayer in banking sector in FY 2021-22. Shaheen Akther, Member (Tax Admin & Human Resource Management), National Board of Revenue handed over the crest and certificate to Md Omar Faruk Khan, Additional Managing Director of IBBL at crest and certificate giving ceremony held in Dhaka on Tuesday, according to a press release. Read: IBBL launches month-long fintech campaign Md. Khairul Islam, Commissioner of Tax Zone-2, Md. Iqbal Hossain, Commissioner of Large Taxpayers Unit, Md. Ashraful Haque, FCA, Executive Vice President and Mosiur Rahman, FCA, Vice President of IBBL along with top officials from Ministry of Finance, National Board of Revenue & other organizations were present on the occasion.
Islami Bank Bangladesh Limited (IBBL) has launched a month-long fintech campaign. Mohammed Monirul Moula, managing director and chief executive officer of the bank, inaugurated the "All of Your Banking Through Fintech" campaign as the chief guest in Dhaka Monday. IBBL additional managing directors Muhammad Qaisar Ali and Md Omar Faruk Khan addressed the function as special guests. Read: IBBL Chattogram North, South hold Shariah compliance webinar Md Mostafizur Rahman Siddiquee, deputy managing director, presided over the programme. AFM Kamaluddin, deputy managing director, delivered the welcome speech. Monirul Moula said: "IBBL has been working to attain the Sustainable Development Goals (SDGs) in line with the initiatives of the government. We are contributing to the digital transformation of the country through the expansion of modern fintech services." Read Nagad bags Visa 'Excellence in Fintech' award
Chattogram North, Mymensingh and Bogura zones of Islami Bank Bangladesh Limited (IBBL) recently organised a half-yearly business development conference online. Mohammed Monirul Moula, managing director and chief executive officer of the bank, addressed the programme as the chief guest Wednesday. Read IBBL organises orientation for RDS field officers IBBL additional managing directors Muhammad Qaisar Ali, Md Omar Faruk Khan; deputy managing directors JQM Habibullah, Md Mostafizur Rahman Siddique, Md Nayer Azam; senior executive vice-presidents Md Siddiqur Rahman, Mohammad Jamal Uddin Mazumder, AFM Kamaluddin, Mohammed Shabbir, Md Mahboob Alam, Mohammod Ullah, Mizanur Rahman and Md Maksudur Rahman attended the conference. IBBL executive vice-presidents Md Anisul Haque, Ahmed Zubayerul Huq and Miftah Uddin; Md Rezaul Islam, head of Bogura, and Mohammad Nurul Hossain, head of Chattogram North, also joined the virtual business development conference programme, according to a media statement. Read: IBBL Chattogram South, Sylhet, Rangpur hold half-yearly business development conference
Dhaka North, South and Noakhali zones of Islami Bank Bangladesh Limited (IBBL) recently organised a half-yearly business development conference online. Mohammed Monirul Moula, managing director and chief executive officer of the bank, addressed the programme as the chief guest Monday. Read:IBBL Dhaka East, Cumilla Zone hold half-yearly business conference Muhammad Qaisar Ali and Md. Omar Faruk Khan, additional managing directors, Md Mostafizur Rahman Siddiquee and Md Nayer Azam, deputy managing directors; senior executive vice-presidents Md Siddiqur Rahman, Mohammad Jamal Uddin Mazumder, AFM Kamaluddin, Mohammed Shabbir, Md Mahboob Alam, Mizanur Rhman, Muhammad Sayeed Ullah and Md Maksudur Rahman joined the programme. IBBL executive vice-presidents Muhammad Qamrul Bari Imami, Mir Rahmat Ullah, Ahmed Zubayerul Huq and Miftah Uddin, also attended the event, according to a media statement. Read IBBL launches month-long fintech campaign
A meeting of the board of directors of the Islami Bank Bangladesh Limited (IBBL) was held Wednesday online. The meeting approved the unaudited financial statements of the bank's second quarter. It also discussed the recent business performance of the bank and took some policy-related decisions. Professor Md Nazmul Hassan, chairman of the bank, presided over the meeting. Areef Suleman, foreign director and representative of the Islamic Development Bank, IBBL vice-chairmen Yousif Abdullah Al-Rajhi and Md Shahabuddin attended the meeting. Read: IBBL holds executive development program Mohammed Monirul Moula, managing director and CEO of the IBBL, and JQM Habibullah, deputy managing director and company secretary of the bank, also joined it. The IBBL is a joint venture public limited company engaged in commercial banking business based on Islamic Shariah. It is listed on the Dhaka Stock Exchange and Chittagong Stock Exchange.
The 39th Annual General Meeting (AGM) of Islami Bank Bangladesh Limited was held virtually on Tuesday. Professor Md Nazmul Hassan, chairman of the bank, presided over the meeting, the bank said in a statement. Also Read: IBBL signs MoU with BRB Hospital Yousif Abdullah Al-Rajhi of KSA and Md Shahabuddin, vice-chairmen of the bank, Dr Areef Suleman, representative of IDB along with other directors, Mohammed Monirul Moula, Managing Director & CEO, Prof Mohammad Gias Uddin Talukder, chairman of Shariah Supervisory Committee, JQM Habibullah, deputy managing director and company secretary along with foreign institutional shareholders and a significant number of local shareholders participated in the meeting. The meeting approved the financial statements of the bank for the year ended 31 December 2021 and a 10 per cent cash dividend for the shareholders. Read IBBL holds farewell for retired executives
Rampura Branch of Islami Bank Bangladesh Limited (IBBL) has been shifted to MG Tower, 389/B, DIT Road, Dhaka. A re-opening ceremony and Iftar mahfil was held recently said a press release issued on Tuesday. Mohammed Monirul Moula, Managing Director and CEO of the Bank inaugurated the relocated branch as chief guest. Also read: IBBL Khulna holds agent banking conference Md Enamul Karim, Deputy Registrar of the National University presented a discussion on "Mahe Ramadan for Universal Welfare". Presided over by Muhammad Sayeed Ullah, Head of Dhaka North Zone of the Bank, Mohammad Jamal Uddin Mazumder & Mizanur Rahman, Senior Executive Vice Presidents were present on the occasion. Md Didar Hossain, Head of Rampura Branch addressed the welcome speech. Also read: IBBL Jashore holds business development conference Abdul Kader Sarder, Head of Paltan branch, officials of Rampura branch, client and local dignitaries were present on the occasion.
Islami Bank Bangladesh Limited (IBBL) has received the gold award of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) Best Corporate Award 2020 in the private commercial bank (Islamic operation) category. Mohammed Monirul Moula, managing director and CEO of the bank, received the award from Commerce Minister Tipu Munshi in the capital Thursday. Read Robi wins silver at ICMAB Best Corporate Award JQM Habibullah, deputy managing director and company secretary of IBBL, joined the event. Professor Shibli Rubayat Ul Islam, chairman of the Bangladesh Securities and Exchange Commission, Kazi Akram Uddin Ahmed, chairman of Standard Bank and former president of the Federation of Bangladesh Chambers of Commerce and Industry, AKM Delwer Hussain, president of the South Asian Federation of Accountants, were also present. Read Pran gets ICMAB Best Corporate Award