The New Nation - Internet Edition

BUSINESS REPORTER

Recently a delegation of Islamic Development Bank (IDB) headed by Nabil A Nassief, Adviser in Charge, Islamic Financial Services Department, IDB visited Head Office of Islami Bank Bangladesh Limited at Islami Bank Tower and exchanged views with the Directors and Senior Executives of the bank at a meeting at the Board Room.

Other members of IDB delegation are Abdelaziz Slaoui Andaloussi, Micro Finance Specialist, Sayefuddin, Field Representative, Farookuzzaman, Adviser, IDB.

The discussion meeting was presided over by Mominul Islam Patwary, Chairman, Executive Committee. The meeting was attended, among others, by Kazi Harun-ar-Rashed, Chairman, Audit Committee, Engr Md Eskander Ali Khan, Director, Mir Quasem Ali, Member Secretary, Islami Bank Foundation, Md Abdur Rashid Chowdhury, Ex-Director, M Fariduddin Ahmad, Executive President, Abdur Raquib, former Executive President, Azizul Haq, Consultant Islami Banking, AB Bank Limited, Mohd Shamsul Haque and Md Habibur Rahman, Deputy Executive Presidents and Senior Executives of the bank.

Nabil A. Nassief, Adviser Incharge, Islamic Financial Services Department, IDB briefed the meeting on the background of establishment of the department and its role in further expanding Islamic banking institutions through establishment of new institutions and through mergers of smaller Islamic Banks besides capacity building for the industry in line with the vision of IDB adopted in the year 2005.

He also briefed the meeting on the development of poverty reduction fund of US$10 billion with a view to promoting the cause of Microfinance Development Programme for alleviation of poverty from Muslim countries and Muslim communities of non-muslim countries of which Bangladesh is one of the four pilot projects countries.

Nabil Nassief appreciated the achievements of IBBL and that IDB is aspiring IBBL to be a leader in the region like a world class bank in the Islamic Financial Industry.

Abdelaziz Slaoui Andaloussi informed the meeting of the special IDB micro-finance programme for Palestine which is aimed at empowering family with finance and social sector support so that comprehensive human resource development target is achieved instead of so-called female empowerment.

The approach is targeted to a multi sector, integrated and comprehensive Islamic development programme.

M. Fariduddin Ahmad, Executive President of the bank informed that IBBL is actively associated with the international level in all Islamic banking fora.