The New Nation - Internet Edition

A Management Committee meeting on Fael Khair programme conducted by the Islami Bank Foundation and financed by Islamic Development Bank (IDB) for the assistance of the Cyclone affected people was held on September 11 at the Board Room of Islami Bank Tower. Presided over by Dr Mohammad Hassan Salem, Head of Special Assistance Office, IDB, Jeddah the programme was attended among others by Neaz Khan, General Manager of IDB-Bangladesh Islamic Solidarity Educational Waqf, Kazi Harun ar Rashed & Fazle Azim' Member of Islamic Bank Foundation Committee, Mohd. Shamsul Hoque, Deputy Managing Director and Head of Operations Wing, Md. Nurul Islam, Executive Vice President, Md. Obaidul Haque and Asheque Ahmed Jebal, Senior Vice Presidents and Md. Mahboob Alam, Vice President of Islami Bank Bangladesh Limited.

Profit free Investment amounting Taka ten thousand to taka seventy five thousand will be given under this programme to the Cyclone affected people to buy seeds, fertiliser, pesticide, agricultural tools, domestic animal, fishing boat, fish meal and to the small traders.

It is mentioned that a Memorandum of Understanding amounting $ 45 lac was signed between the Islamic Development Bank and the Islami Bank Foundation on May 13, 2008.