Dhaka, Bangladesh (BBN)– Islami Bank Bangladesh Limited (IBBL) has launched a new investment scheme for urban poor people titled ‘Urban Poor Development Scheme’ aiming to eradicate poverty of ultra poor urban people.
Professor Abu Nasser Muhammad Abduz Zaher, Chairman of the Bank inaugurated the scheme at Muhammad Younus Auditorium of Islami Bank Tower in the capital Dhaka on Monday.
Presided over by Mohammad Abdul Mannan, Managing Director of the Bank the function was addressed by Mohammad Abdullah Al Jalahma, representative of Kuwait Awqaf Public Foundation Safat, Kuwait and Director of the Bank.
The main objective of the scheme is to alleviate urban poverty through investment in income generating activities specially the slum dwellers. Financial activities will be divided into two parts.
Firstly Investment on income-generating activities for marginal poor from the IBBL funds and secondly investment on income generating activities for hardcore poor from charity like Zakat and Sadaqa.
Five investment clients received investment sanction advice. Rajia Khatun for Mobile SIM business, Hafeja Khatun for buying rickshaw, Abu Syed for cloth business, Fatemea for mobile business and Firoja Begum took investment for paper packet, the IBBL said.
Professor Abu Nasser Muhammad Abduz Zaher in his speech as chief guest said that Islami Bank is not only the Bank of the rich rather it is the Bank of all people.
He said that IBBL works for the welfare of the poor people from the very inception of the Bank and the welfare activities will be enriched in the future.
Mohammad Abdul Mannan in his presidential speech said Islami Bank is working to remove poverty since its inception. He said Islami Bank is connecting the poor people with financial activities to the minimize the gap between rich and poor.
BBN/SSR/AD-15May12-11:03 am (BST)
