Английская Википедия:ICB Islamic Bank

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Шаблон:Use dmy dates Шаблон:Infobox company ICB Islamic Bank is a second generation commercial Islamic Bank in Bangladesh listed on the Dhaka Stock Exchange.[1] Muhammad Shafiq Bin Abdullah is the Managing Director of ICB Islamic Bank Limited.[2]

History

ICB Islamic Bank was established in 1987 and started operations on 20 May 1987 as Al-Baraka Bank.[3][4] The bank listed on Dhaka Stock Exchange in 1990.[5] By 1994, the bank ran into financial troubles.[4] In 2004, the bank was reorganized and renamed to Oriental Bank.[4]

In 2006, Bangladesh Bank dissolved Oriental Bank's board of directors and auctioned majority of the shares.[4] The ICB Banking Group bought majority of the shares and renamed it ICB Islamic Bank in 2008.[4]

In 2014, Bangladesh Bank rescheduled the payment plan of ICB Islamic Bank to the depositors' of Oriental Bank.[6]

By 2018, ICB Islamic Bank had failed to return 4.44 billion taka to the depositors' of Oriental Bank, a condition set by Bangladesh bank, and sought a change in the repayment plan from the central bank.[4]

In January 2021, seven officers of Oriental Bank were sentenced to jail for embezzlement.[7] ICB Islamic Bank reduced staff salary due to losses.[8] It suffered losses that year and the bottom line remained in the red.[9]

ICB Islamic Bank had an accumulated loss of nearly 20 billion taka in 2022.[5] The bank had been running at a loss for years and had failed to pay dividends to shareholders for the last few years.[10] Bangladesh High Court summoned an investigator of Anti-Corruption Commission, Md Jahangir Alam, after he removed the names of 25 officials of Oriental Bank from a embezzlement case.[11]

Board of directors

Name Position Reference
Mohd. Nasir Bin Ali Chairman [12]
Md. Fariduddin Ahmed Director [12]
Hashimah Binti Ismail Director [12]
Lee Ooi Kim Director [12]
Aklif Bin Amir Independent Director [12]

References

Шаблон:Reflist Шаблон:Portal

Шаблон:Banks in Bangladesh