Dhaka, Bangladesh (BBN) – The deposit inflow of Islami Bank Bangladesh Limited (IBBL) grew by 13.50 per cent in the first half (H1) of this calendar year indicates boosting confidence of the depositors on the Shariah-based bank.

The deposit of IBBL stood at more than BDT 596.49 billion as on June 30 last while investment increased by 12 per cent to BDT 497.62 billion as against the same period of the previous year.

This information was disclosed at inaugural session of half-yearly business development conference of the bank held at its headquarters in the capital Dhaka on Saturday.

The IBBL has conducted import and export business amounting to BDT 171.70 billion and BDT 110.64 billion respectively while handled foreign remittances worth BDT 165.80 billion in the same period.

Engr. Mustafa Anwar, Chairman of the IBBL was present as chief guest in the conference. Presided over by Mohammad Abdul Mannan, Managing Director, Muhammad Abul Bashar, Md. Habibur Rahman Bhuiyan, FCA, Md. Mahbub-ul-Alam, Rafi Ahmed Begh, Abdus Sadeque Bhuiyan and Md. Shamsuzzaman, Deputy Managing Directors along with Head Office executives were present in the conference.

Besides, head of 14 zones and selected branches of the bank participated in the programme.

“The IBBL has been playing role for the development of the country’s industry, agriculture, infrastructure, trade and commerce and overall living standard of the people through the welfare oriented financial services,” Mustafa Anwar said while speaking at the conference.

The IBBL chairman asked the bank executives and officials to contribute more for the wellbeing of 160 million people of the country by complying Shariah and banking rules.

Mohammad Abdul Mannan urged all Zonal Heads and Branch managers to keep role in developing the living standard of the people by priority financing in the need based and productive sectors of the country.

“The Bank encourages all welfare oriented initiatives in order to fulfil the objectives of Islamic Shariah in financial sector,” he noted.