The 15th Annual General Meeting of Social Islami Bank Ltd (SIBL) has been held on 12th June, 2010 at Bangbandhu International Conference Centre, Dhaka.11% stock dividend for the financial year 2009 was approved by the ordinary shareholders in the AGM. SIBL Chairman Mr Alhaj Sultan Mahmud Chowdhury presided over the meeting. SIBL Vice Chairmen Mr Alhaj Sk Rabban Ali and Mrs. Zohra Alam, directors Major ( retd) Dr Rezaul Haque, Kamaluddin Ahmed, Md Anisul Islam, Mrs Nargis Mannan, Md Humayun Kabir Khan, Managing Director Mr. K. M. Ashaduzzaman, Additional Managing Director Mr. Abu Sadek Md. Sohel, Company Secretary Mr. Mahamud Hassan, Share holders and other senior executives of the bank attended the meetings.


SIBL Chairman Mr Alhaj Sultan Mahmud Chuwdhury said that as a joint venture Shariah based Bank, SIBL has defined its operation in three different sectors –i.e, Formal, Non-formal & Voluntary. While formal sector deals in full- fledged commercial activities as a scheduled Bank, Non-formal Sector aims at “Empowering Family”- by creating investment opportunities to Micro and SMEs clients and Voluntary Sector deals in Cash Waqf Certificate Scheme –an innovative financial product to do welfare to the mankind. He thanked all the shareholders for showing their interest to the bank.
The managing director gave vivid description of the achievements performed during the year 2008 and expressed confidence that the bank is moving towards the right direction with the cooperation of all.

Author: Mohammad Abdul Karim,SAVP

Source: PRD,HO,SIBL