Topics: Board of directors, Bank, Asset Pages: 19 (3385 words) Published: April 15, 2014

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Sat, 24 January 2009
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IBL News
Branch Managers’ Conference of Al-Arafah Islami Bank Ltd. held

 A day long 29th Branch Managers Conference of Al-Arafah Islami Bank Ltd. was held at "The Westin" Hotel on 19th July, 2008. Chairman, Board of Directors of the Bank Alhajj Md. Anowar Hossain was present as chief guest and inaugurated the conference. Members, Board of Directors Alhajj Nazmul Ahsan Khaled, Alhajj Abdul Malek Mollah, Alhajj Kazi Mofizur Rahman and Alhajj Kh. Mesbah Uddin Ahmed were address on that occasion. Directors Alhajj Md. Harun-ar-Rashid Khan and Alhajj Hafez Md. Enayetullah were also present.

Jb. M.A. Samad Sheikh, Managing Director of the Bank was presided over the conference. Among others, Additional Managing Directors Jb. A.T.M. Harun Ur Rashid Chowdhury, Executives, Officers and employees of the bank were present on that occasion. 46 Branch Managers of the Bank were participated the conference. Chief Guest Md. Anowar Hossain said in his speech, the Bank has already introduced Online Banking from the month of May during this year to make banking service easy, sound and effective. As a result, service quality and volume of transaction of the Bank has dramatically improved. He said, since last six months, the Bank has achieved growth of 182.56% in Profit, 42.26% in Deposit, 37.21% in Investment, 32.02% in Import and 43.48% in Export sector. During this period the Bank was able to reduce its classified investment, which stood at 2.75% at the end of June 2008. He also said that, a large portion of investments of the Bank is being invested on SME sector. The Chairman insisted the Branch Managers on enforcing this sector more.  

Al-Arafah Islami Bank Ltd.
Declared 20% Bonus Dividend

Al-Arafah Islami Bank Ltd. has been approved 20% Dividend in the form of Bonus Share for the year ended 31st December, 2007 in its 13th Annual General Meeting (AGM) held on 13th July 2008 at BDR Darbar Hall, Pilkhana, Dhaka. The meeting presided over by Alhajj Md. Anowar Hossain, Chairman, Board of Directors of the Bank. Vice Chairman Alhajj  Mir Ahmed Sowdagar, Directors Alhajj Md. Harun-ar-Rashid Khan, Alhajj Ahmed Ali, Alhajj Nazmul Ahsan Khaled, Alhajj Abdul Malek Mollah, Alhajj Hafej Md. Enayetullah, Alhajj Kazi Md. Mofizur Rahman, Alhajj Badiur Rahman, Alhajj Ahamedul Haque, Alhajj Abdus Samad, Alhajj Kh. Mesbahuddin Ahmed, Ex Director Alhajj A.Z.M. Shamsul Alam, Alhajj Badsha Meah, Ex Alternate Director Alhajj Niaj Ahmed, Chairman of Shariah board Moulana Md. Siddiqur Rahman, Managing Director Jb. M A Samad Sheikh, Additional Managing Director, Executive Vice Presidents, Company Secretary, Executives, Officers and large number of Shareholders were present on the occasion. 

The house considered and adopted the Directors' Report, statement of accounts for the year 2007 along with Auditors' Report and also appointed the Auditors of the company for the term until the next Annual General Meeting. The Bank achieved growth of 45.05% in Deposit, 31.47% in Investment, 43.68% in Import and 39.07% in Export during the year 2007 compared to 2006. Bank also reduced its Classifid Investment to a large extent. At the end of 2007 Classified Investment of the Bank stood at 3.72%. The shareholders participated in the review of the overall performance of the Bank and expressed their satisfaction. They made some valuable suggestions for improvement of performence and image of the Bank. The Chairman of the Bank Alhajj Md. Anowar Hossain thanked the shareholders for the confidence entrusted on the Board of Directors.  

Al-Arafah Islami Bank Ltd. 10th Extra ordinary General Meeting held

The 10th Extra Ordinary General Meeting (EGM) of Al-Arafah Islami Bank Ltd. was held at Trust Milanayatan, Cantonment, Dhaka. The EGM approved amendment of One (01) clauses of Articles of...
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