Banking

Dhaka North Zone of Islami Bank Bangladesh Limited organized RDS clients’ Get-together & Fair at the premises of its Savar Branch recently. Md. Abdul Jabbar, Deputy Managing Director of the Bank addressed the program as chief guest. Md. Aminur Rahman, Executive Vice President and Head of Dhaka North Zone presided over the meeting. Dr. Md. Elias Mollah, Professor of Jahangirnagar ... Read More »

By Patricia Scotland, Commonwealth Secretary-General 16 October 2019 -Trade wars, protectionism, and nationalist rhetoric are combining to create the possibility of a nightmare debt crisis that could be worse than any previously experienced. Global borrowing is now at the highest levels since the 1950s – and history suggests we should take this as a warning that a debt crisis could ... Read More »

14 October 2019 – Commonwealth finance ministers will meet in Washington D.C. on 17 October 2019 to discuss coordinated interventions to prevent future debt crises. Read More »

Cumilla Zone of Islami Bank Bangladesh Limited organized a workshop on “Risk Based Shari`ah Audit” at zonal office on 12 October 2019, Saturday. Md. Mahbub ul Alam, Managing Director and CEO of the Bank addressed the program as chief guest. Presided over by Md. Mosharraf Hossain, Senior Executive Vice President and Head of Cumilla Zone, the program was addressed by ... Read More »

Islami Bank Bangladesh Limited has been awarded as the Best Remittance Collecting Bank for the year-2018. Read More »

Islami Bank Bangladesh Limited inaugurated Cash Recycling Machine (CRM) at its Head Office Complex Corporate Branch. Md. Mahbub ul Alam, Managing Director and CEO of the bank inaugurated the CRM on 7 October 2019, Monday at Islami Bank Tower as chief guest. Mohammed Monirul Moula, Additional Managing Director was present in the program as special guest. Mohammad Ali, Abu Reza ... Read More »

Dhaka, Oct 3 – Bangladesh Financial Intelligence Unit (BFIU) has asked all banks and financial institutions to send in information related to the bank accounts of Juba League Chairman Omar Faroque Chowdhury within three working days. Read More »

DHAKA, Sept 11, 2019 (BSS) – Prime Minister Sheikh Hasina today inaugurated the commercial operation of the Community Bank Bangladesh Limited fulfilling the long cherished demand of police. Read More »

The 39th General Meeting of Central Sharia`h Board for Islamic Banks of Bangladesh (CSBIB) was held at Islami Bank Tower on 9 September 2019, Monday. Presided over by Sayed Kamaluddin Jafree, Chairman of the Board, Shah Abdul Hannan, Advisor, M Azizul Huq, Chairman of CSBIB Executive Committee and Board of Directors of Pubali Bank, Professor Md. Nazmul Hassan, Ph.D, Chairman ... Read More »

Dhaka, Sept 1 (UNB) – Prime Minister Sheikh Hasina on Sunday said steps are underway to bring down bank loan interest rate to single digit in all banks, noting that higher interest rate naturally causes loan defaults. “We want to bring it (bank loan interest rate) down to single digit. In the meantime, we’ve taken appropriate measurers so that investment ... Read More »

Sylhet Zone of Islami Bank Bangladesh Limited organized Business Development Conference at Kushiara International Convention Hall, Sylhet on 31 August 2019, Saturday. Professor Md. Nazmul Hassan, Ph.D, Chairman of the Bank was present in the program as chief guest. Presided over by Md. Mahbub ul Alam, Managing Director & CEO of the bank, the program was addressed by Muhammad Qaisar ... Read More »

Islami Bank Bangladesh Limited Cox’s Bazar and Ramu Branches organized a biannual conference of its Rural Development Scheme (RDS) at a local auditorium of Cox’s Bazar on 16 August 2019. Professor Md. Nazmul Hassan, Ph.D, Chairman of the Bank addressed the conference as chief guest. Presided over by Md. Mahbub ul Alam, Managing Director & CEO of the Bank, the ... Read More »

Islami Bank Bangladesh Limited organized discussion and doa program observing the National Mourning Day and the 44th martyrdom anniversary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman at Islami Bank Tower on 14 August 2019, Wednesday. Professor Dr. Qazi Shahidul Alam, Director of the bank addressed the program as chief guest. Presided over by Md. Mahbub ul Alam, Managing ... Read More »

Islami Bank Bangladesh Limited distributed relief among 700 families of flood affected area at Chander Hat Degree College playground in Sadar Upazila, Nilphamari on 6 August 2019, Tuesday. Read More »

Islami Bank Bangladesh Limited inaugurated its Agent Banking Outlet in Srimantapur of Sadar Dakkhin Upazila, Cumilla on Saturday, 3 August 2019. Read More »

Dhaka, July 31 – The Bangladesh Bank (BB) set the targets of credit growth in public and private sectors at 24.3 per cent and 14.8 per cent respectively for the fiscal year 2019-20 amid the shrinking demand for credit. Read More »

Islami Bank Bangladesh Limited Munshigonj Branch organized Business Development Conference of its Rural Development Scheme on 26 July 2019, Friday at the branch premises. Md. Mahbub ul Alam, Managing Director and CEO of the bank addressed the conference as chief guest. Md. Abdul Jabbar, Deputy Managing Director and M. Zubayer Azam Helali, Executive Vice President addressed the program as special ... Read More »

Islami Bank Bangladesh Limited organized business development conference at the Jamuna Future Park Convention Center in Dhaka on 27 July 2019, Saturday. Prof. Md. Nazmul Hassan, PhD, Chairman of the Bank addressed the program as Chief Guest. Md. Mahbub ul Alam, Managing Director & CEO presided over the program. Prof. Dr. Md. Salim Uddin, FCA, FCMA, Chairman, Executive Committee, Prof. ... Read More »

A meeting of the Board of Directors of Islami Bank Bangladesh Limited was held on 25 July 2019, Thursday at Islami Bank Tower. Presided over by Professor Md. Nazmul Hassan, Ph.D, Chairman of the bank, the meeting was attended by Md. Shahabuddin, Vice Chairman, Directors, Md. Mahbub ul Alam, Managing Director & CEO and JQM Habibullah, FCS, Deputy Managing Director ... Read More »

Dhaka, July 23 – The High Court on Tuesday issued a rule asking authorities concerned to inform it within 10 days why the Bangladesh Bank circular providing special privileges to loan defaulters should not be declared illegal. Read More »

S. Brian Samuel – July 17, 2019 In June I participated in the biannual Private Equity & Infrastructure Development Conference hosted by the Development Bank of Jamaica (DBJ) in Kingston. This year I had the pleasure of moderating a panel on the privatization of the Kingston Container Terminal and joined a practitioner’s workshop on Implementing Climate Resiliency in Jamaica’s PPPs. ... Read More »

Beijing, July 12 (Xinhua/UNB) — From a currency that barely registered in the international market to one with worldwide recognition, Chinese yuan’s rise on the global stage over the past decade is a testament to China’s growing economic clout and unwavering opening up. Since July 2009 when the yuan’s global journey started with a pilot scheme allowing for yuan settlements ... Read More »

Islami Bank Bangladesh Limited inaugurated its 500th Agent Banking Outlet at Alfadanga Bazar of Faridpur on 8 July 2019, Monday. Md. Abdul Jabbar, Deputy Managing Director of the Bank inaugurated the outlet as chief guest. Presided over by Md. Maksudur Rahman, Executive Vice President and Head of Khulna Zone, the program was addressed by Saifur Rahman, Mayor of Alfadanga Pourashabha, ... Read More »

It can accelerate progress, empower women, she says Dhaka, July 10 – UN Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA) Queen Maxima on Wednesday said financial inclusion can empower women and accelerate Bangladesh’s progress and noted significant progress made so far in the country. “Financial inclusion has increased from 31 percent in 2014 to 50 percent in 2017 ... Read More »

Dhaka, Jul 10 (UNB) – A security firm says deepfaked audio is being used to steal millions of pounds, reports the BBC. Symantec said it had seen three cases of seemingly deepfaked audio of different chief executives used to trick senior financial controllers into transferring cash. Deepfakes use artificial intelligence to create convincing fake footage. The AI system could be ... Read More »

Dhaka, July 08 – The Appellate Division of the Supreme Court (SC) yesterday stayed for two months a High Court order that imposed a status-quo on a Bangladesh Bank circular that had allowed special concession for loan defaulters by rescheduling their loans with a repayment period of up to 10 years. “Stay for two months,” the four-member Appellate Division bench ... Read More »

Dhaka, Jul 2 (UNB) – The Chamber Judge on Tuesday stayed a High Court order that directed to maintain a status-quo on a Bangladesh Bank policy offering special privileges to loan defaulters. Justice Md Nuruzzaman passed the order after hearing an appeal filed by the Finance Ministry. A full bench of the Appellate Division will hear the appeal on July ... Read More »

Dhaka, June 30 (UNB) –  BNP senior leader Nazrul Islam Khan on Sunday termed imaginary Prime Minister Sheikh Hasina’s comment that BNP’s ‘nomination trade’ during the 11th parliamentary election swelled Bangladeshis’ deposits in the Swiss banks. Speaking at a human-chain programme, he also said the national budget passed in parliament on Sunday will not only push up profits of businessmen, ... Read More »

Dhaka, June 29 (UNB) – Former Bangladesh Bank Deputy Governor Khondkar Ibrahim Khaled on Saturday underscored the need for reforming the country’s banking sector for proper implementation of the national budget for 2019-20 fiscal year. “Default loans must be recovered, tax collection should be increased and legal obstacles to the banking sector have to be removed for proper implementation of ... Read More »

Islami Bank Bangladesh Limited has provided foam bed and water purifying machine to use at Ashkona Hajj Camp for the Hajj pilgrims in the year 2019. Abu Reza Md. Yeahia, Deputy Managing Director of the Bank handed over the materials to Saiful Islam, Director of Ashkona Hajj Camp on 27 June 2019 Thursday. The Bank provides such service to Hajj ... Read More »