IBBL denies report on Tk 450 cr donation to PM’s zakat fund | daily-sun.com

IBBL denies report on Tk 450 cr donation to PM’s zakat fund

Staff Correspondent     18th May, 2017 10:24:11 printer

IBBL denies report on Tk 450 cr donation to PM’s zakat fund

The authorities of Islami Bank Bangladesh Ltd (IBBL) have denied media reports that they are going to donate Tk 450 crore to the Prime Minister’s Zakat Fund.

 

At a press conference at its head office in the capital’s Motijheel on Thursday, chairman of the Islami Bank Arastoo Khan termed the report false and misleading.

 

He said the information of donating Tk 450 crore to the fund was not based on fact as the bank is now holding only Tk 28 crore in its zakat fund.

 

Media reports quoting bank’s vice-chairman Syed Ahsanul Alam Parvez said IBBL board of directors has decided to donate the amount.

 

Arastoo Khan said Ahsanul spoke to the media on the issues which were not discussed at all at the board meeting.

 

The issues of disbursing Tk 13 crore during the Ramadan period for the Muslim people to take iftar through the government’s social welfare department which was not correct, Arastoo said.

 

When asked whether the IBBL would remove Ahsanul from the board, he said that the independent directors usually enjoyed more power than that of directors who hold shares of a bank, he said.

 

It is a long process to remove any independent director from a bank’s board, he added.

 

Islami Bank Bangladesh Ltd has been playing a vital role for the development of country’s economy and its people as well through the banking service, added chairman.

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