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Cash Waqf: IBBL tool for helping deprived people

Cash Waqf is the latest product in our banking sector particularly in Islamic economics and finance and it provides a unique opportunity for making investment in different religious, educational and social services. Islami Bank Bangladesh Limited (IBBL) has introduced `Mudaraba Waqf Cash Deposit Account MWCDA with aim in helping the destitute and hapless people of the society. Waqf, a perpetual endowment, by the well-off and the rich people of the society and the income generated from waqf may be spent for different benevolent purposes.

wakfo

1st Annual General Meeting of NRBCB

The 1st  AGM of NRBCB (NRB Commercial Bank Limited) was held in Dhaka on Wednesday (April 02, 2014) in presence of sponsor  Share Holders of the Bank. AGM 2014 press 2 finalThe Profit & Loss A/c, Balance Sheet has been approved by the sponsor Share Holders. The meeting presided by Engr. Farasath Ali, Chairman of Board of Directors of NRBCB.

AIBL Cox’s Bazar Branch shifted

Al-Arafah Islami Bank Ltd (AIBL) Cox’s Bazar Branch has been shifted to new premises at 902, SaikatTower, Bazar Ghata, Main Road, Cox’s Bazar. Khalilur Rahman, Chairman of KDS Group inaugurated the new Branch on Tuesday (1 April, 2014). 20140401 - AIBL Cox Bazar Press copy Md. Habibur Rahman, Managing Director of the Bank presided over the ceremony. The ceremony was addressed by Directors of the Bank Md. Harun-Ar-Rashid Khan, Nazmul Ahsan Khaled and...

Women deserve better job opportunity

Women’s full potential to contribute to economic and social progress is not yet maximized, according to a book on gender equality and the labor market launched at ADB’s headquarters in Manila, Philippines. Many people still think that women are only capable of taking care of the family and managing households — but there’s nothing farther from the truth nowadays. For Asia to realize and unleash its potential as an economic and development powerhouse, changing that traditional mindset and looking at women as important development stakeholders and providing them with decent and better employment opportunities is absolutely vital, according to the Asian Development Bank. Women in Bangladesh, where the Asian Development Bank funds employment and t...

$ 2.8b WB commitment likely to reach in current FY

Finance Minister AMA Muhith on Tuesday said the commitment from the World Bank is likely to reach $ 2.8 billion in the current fiscal year (2013-14). “The World Bank has already committed $ 1.7 billion aid to Bangladesh for the current fiscal year and we’re expecting that with three more months remaining, the total commitment from the World Bank would reach $ 2.8 billion,” Muhith said. MuhithThe Finance Minister was talking to reporters after World Bank Vice President for the South Asia region Philippe L...

Inflation rate falls by 0.1pc in Feb: Muhith

The point to point basis and average inflation rate has decreased by 0.1 percent in February, Finance Minister AMA Muhith told Parliament on Tuesday. Answering a written question of M Abdul Latif (Chittagong-11), he said that in February, the point to point basis and average inflation rate was 7.4 percent and 7.5 percent respectively. inflationHe mentioned that in January, the point to point basis and average inflation rate was 7.5 percent and 7.6 percent respectively, reports UNB. The Finance Minister said that the government has take...
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