The Bank has segregated duties of the officers/executives involved in credit related activities. A separate Business Development (Marketing) Department has been established at Head Office, which is entrusted with the duties of maintaining effective relationship whit the customer, marketing of credit produ...
BANGLADESH: Social Islami Bank has announced in a bourse filing the appointment of veteran banker Zafar Alam as the new CEO and managing director effective the 21st December 2021. Zafar previously served as the additional managing director of Bangladesh
BANGLADESH: Islami Bank Bangladesh has appointed Mohammad Jahangir Alam, the bank’s senior vice president and deputy company secretary, as its new company secretary.
The hire purchase method of financing enables a bank to finance the purchase of movable and immovable assets. It is a joint ownership agreement subject to the provision of security/surety provided by the client. In addition to the repayment of the principal amount, the bank receives a share in...
customer and the bank share become the joint owner of the property in proportion to their share in purchasing the property. For the time being customer manage to purchase the entire share of bank. Ultimately, customer becomes the sole owner. Now a day Al-Arafah Islami Bank Limited is one ...
Remittance plays an important role in the development of the economy for any country. To emphasize the importance of this contribution of Bangladeshi expatriates, Social Islami Bank (SIBL) of Bangladesh offers a package of incentives to encourage expatri
PAKISTAN: The trading of BankIslami Pakistan’s Sukuk BIPLSC has been suspended from the 28th September to the 30th September 2020 for the profit payment of the Sukuk. According to a bourse filing, trading of the Sukuk will resume on the 1st October 2020
PAKISTAN: BankIslami Pakistan has signed an MoU with Institute of Business Management (IoBM) to facilitate the operations of a Center for Islamic Business and Finance at IoBM, a press release said. Under the agreement, BankIslami will provide scholarship
BANGLADESH: Bangladesh Bank has started an investigation into Islami Bank Bangladesh’s disbursement of financing facilities worth a total of BDT72.46 billion (US$690.12 million) to nine companies, under questionable circumstances, The Daily Star reporte
BANGLADESH: Global Islami Bank has obtained approval from the Bangladesh Securities and Exchange Commission to raise BDT4.25 billion (US$44.84 million) through an IPO, confirmed a press release. Funds from the IPO will be utilized to invest in treasury s