Now there is question in air that – Who owns the Islamic Bank Bangladesh Ltd? Although it looks the same from the outside, the Islamic bank has changed a lot inside. In addition to changing the ownership of the bank, the management board has changed its fundamental philosophy. So to the general customers, this bank is the only question now, who or who owns the Islamic bank now? On the basis of which ideals will this bank run now?
Who owns the Islamic Bank Bangladesh?
The Bangla Tribune search shows that the Islamic bank is now playing a vital role in the country’s most profitable bank in the private sector. Ownership has changed on the one hand, and on the other hand, the management has changed. The previous managing director and chairman have been removed and the newcomers have been set up there. Not only that, the ownership of the domestic traders is now increasing in this bank by removing foreign owners.
Again, the basic philosophy of the bank or Jamaat -e -Islami is also trying to get out. Earlier, the Jamaat -e -Islami people controlled this bank, now the control of the Chittagong -based business group S Alam has gone to the hands of the Chittagong -based business. Islami Bank sources said this information.
The bank’s chairman Arastu Khan said these changes to the bank sector were positive for the bank sector. He himself found a place in the bank in the air of this shift. He told the Bangla Tribune, “After we arrived, many positive initiatives are being taken at the Islamic Bank. Which you are watching. ‘
Accordingly, a meeting of the board of directors held at a hotel in the capital on January 5, the bank’s top at the top level was made. The board of directors was restructured. Former Secretary Arastu Khan was made the new chairman of the board engineer Mostafa Anwar. The bank’s MD Mohammad Abdul Mannan was forced to resign.
The new MD was given the responsibility of the Union Bank MD. Abdul Hamid Mia. Shahidul Alam, Vice Chairman of S Alam Group, is in charge of the chairman of the union bank. First Security Bank’s Company Secretary Zahidul Kuddus Mohammad Habibullah has been appointed as the company secretary of the bank. First Security Islami Bank Chairman Saiful Alam, Chairman and Managing Director of S Alam Group.
The only discussion in Bangpara is now that Abdul Hamid Mia has been appointed from the Islami Bank from the list of S Alam Group. Many officials of the Islamic Bank told the Bangla Tribune that what is currently happening in the bank is that of the Chittagong-based business group. In the last few months, the favourite people of the business group have been installed in various important places. Thousands of officers have been transferred to the list of the group.
Although the top change of the bank was seen earlier this year, initiatives have been taken to establish control over the bank since the beginning of the 25th. As part of this, a letter from the Bangladesh Embassy in Saudi Arabia at that time gave a letter to the Saudi government about the removal of those involved in Jamaat -e -Islami politics from Islami Bank. As part of this, some local government-backed entrepreneurs buy shares from former Islamic Bank entrepreneurs. At the same time, foreigners also left the shares. Institutional investors also leave the shares. Domestic entrepreneurs are buying these shares.
Earlier, the Jamaat-e-Islami had been removed from the board of directors. Islami Bank was established in the 5th. From the very beginning, the bank had a huge impact on Jamaat -e -Islami.
Former Deputy Governor of Bangladesh Bank Khondaker Ibrahim Khaled commented that this multi-faceted change in Islamic Bank was internal reform. He told the Bangla Tribune that the internal banks of the Islamic Bank needed large reforms. For a long time, the bank was known as a Jamaati-Islami organization. The effort to get out of this identity will increase the acceptance of Islamic banks by the common people. He also said that this change is positive.
It is learned that at the time of its establishment, Islami Bank was investing 5 percent from the financial institutions of Middle East-based countries. At present, it has dropped to 12 percent. Domestic traders have bought those shares of foreigners. As a result, foreign partnerships are gradually decreasing in this bank.
Dubai Islamic Bank has sold the entire 5 crore 5 lakh 5 thousand 5 shares purchased between August 27 and October 25. Until June 27, the Bahrain-based Bahrain Islamic Bank of Islamic Bank had shares of 1 lakh 5 thousand 5. The bank picked up the entire investment in October of that year by selling the entire shares in two phases.
One of the entrepreneurs investors in establishing Islamic Bank in Bangladesh was Jordan Islamic Bank, Qatar Islamic Investment and Exchange Corporation, Dubai Islamic Bank and Bahrain Islamic Bank. These organizations have left all the shares kept by the government at the diplomatic level and the recent attitude. The Islamic Bank has no shares of these institutions anymore. Of these, Dubai Islamic Bank and Bahrain Islamic Bank have sold their entire shares through the stock market between 20 and 20. However, other companies have left the shares, but no information on the sale of their shares has not been available.
Of course, the Islamic bank still has about 5 percent of the shares in the name of four Kuwaiti government organizations. Similarly, there are more than 5 percent shares in the name of six people and organizations based in Saudi Arabia. Al -Razi, Vice Chairman of the Bank, Yusuf Abdullah Al Razi of the UAE Al -Razi Banking and Investment has a share of 5.7 percent.
Meanwhile, according to the latest data from Islami Bank, the shares of about 100 crore have been purchased in the name of Platinum Endeaves, Paradise International, Blue International, ABC Venture, Grand Business, Excel Dying and Printing, Hazrat Shahjalal (R) Industrial City. However, last December, Hazrat Shahjalal (R) Industrial City sold all their shares to Armada Spinning Mill, a small textile sector. And with the hands of the company, the bank’s board has entered the board of former secretary Arastu Khan, who is now serving as the chairman of the bank.
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