Islami Bank holds 42nd AGM

Islami Bank Bangladesh PLC held its 42nd annual general meeting (AGM) at the Kurmitola Golf Club in Dhaka today.

Prof M Zubaidur Rahman, chairman of Islami Bank Bangladesh PLC, presided over the meeting as the chief guest, according to a press release.

In his speech, Rahman said the bank has faced many challenges in recent years.

"A group weakened the foundation of this top-tier institution. But with the new board of directors formed after August 5, 2024, and the joint efforts of the bank's employees, Islami Bank has started turning around," he said.

"The bank has already cleared all its dues with Bangladesh Bank. This was possible due to the trust of its 2.5 crore clients and the general public."

"Islami Bank stands as a symbol of trust," he said, adding that after the July Revolution, Bangladesh Bank appointed the current board to revive the institution and protect customer interests. Board members are working tirelessly to establish good governance and strengthen the financial base, he said.

He expressed gratitude to the clients and well-wishers for their trust, and thanked the shareholders for their encouragement.

The meeting approved the bank's financial statements for the year that ended on December 31, 2024.

Mohammad Khurshid Wahab, chairman of the executive committee of the bank; Md Abdus Salam, chairman of the audit committee; Prof M Masud Rahman, chairman of the risk management committee; Md Abdul Jalil, independent director; Md Omar Faruk Khan, managing director; Mufti Sayeed Ahmed, chairman of the Shariah supervisory council; and Md Habibur Rahman, company secretary, along with a number of shareholders, were also present.