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Regulating, supervising Islamic banks

The Bangladesh Bank (BB) issued a licence in 1983 under the Banking Companies Act 1991 for the establishment of the country’s first Islamic bank. The government of Bangladesh had participated in establishment of it by holding five per cent stake of its paid-up capital. Though there is no complete Islamic Banking Act in Bangladesh, some Islamic banking provisions have already been incorporated in the amended Banking Companies Act, 1991 (Act No. 14 of 1991). islamic bondThe BB did not set up any separate department to control, guide and supervise...

Govt’s no to UN overture to talks

Acknowledging the UN chief’s letter with a call for dialogue, the Awami League government on Wednesday rejected outright the possibility of talks with the BNP. “The government’s stand is clear: we don’t want to talk to any killer,” state minister for foreign affairs M Shahriar Alam said. “I don’t see any dialogue.” Ban ki MoonThe state minister confirmed the receipt of UN secretary-general Ban Ki-moon’s letter dated 30 January to prime minister Sheikh Hasina, two weeks later though. “We were hearing (about the letter) but conspicuo...

Tigers start perfect

Bangladesh exorcised pre-World Cup ghosts with a commanding 105-run victory over Afghanistan at Manuka Oval in Canberra on Wednesday. sakib_pc3The Tigers faithful was not at ease after four straight losses prior to the tournament, but Mashrafe Bin Mortaza and boys rose to the occasion as they kicked off their World Cup in style. Winning the toss, skipper Mashrafe chose to bat first. His openers made a decent start, but Mirwais Ashraf then struck twice in quick succession, baffling Tamim Iqbal (19) and Anamul Haque (29). Soumya Sarkar a...

RLIFMF press briefing held

A press briefing on Rupali Insurance First Mutual Fund (RLIFMF), an open-end fund managed by Prime Finance Asset Management Company Limited (PAMC), was held on 17 February 2015 in Hotel Purbani, Dhaka. DSC_0064Moin Al Kashem, the Managing Director & CEO of PAMC, briefed the journalists present in the occasion, about the prospects of RLIFMF as well as the performance of other open-end fund managed by them. RLIFMF is sponsored by Rupali Life Insurance Company Limited while Bangladesh General Insurance Company Limited is the trustee and B...

Greendelta Ins okays dividend

The Board of Directors has recommended 15% cash dividend and 10% stock dividend for the year ended on December 31, 2014. Date of AGM: 24.03.2015, Time: 11:00 AM, Venue: Spectra Convention Center Ltd., House No. 19, Road No. 7, Gulshan-1, Dhaka-1212. dse cseRecord Date: 01.03.2015. The Company has also reported net profit after tax of Tk. 239.26 million, EPS of Tk. 3.26, NAV per share of Tk. 66.16 and NOCFPS of Tk. 0.22 for the year ended on December 31, 2014 as against Tk. 229.03 million, Tk. 3.12 (restated), Tk. 60.29 (restated) and Tk. 1.07 (restated) resp...

Board Meeting of IDLC

As per Regulation 30 of DSE Listing Regulations, the Company has informed that a meeting of the Board of Directors will be held on dse cseFebruary 25, 2015 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2014.
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