Al-Arafah Islami Bank Ltd. has approved 21% Dividend in the form of Bonus Share for the year ended 31st December, 2011 in its 17th Annual General Meeting (AGM) held on 20 May 2012 at Offiicers Club, 26 Baily Road Dhaka. The meeting presided over by Mr. Badiur Rahman, Chairman, Board of Directors of the Bank.
Directors Alhajj Md. Harun-ar-Rashid Khan, Alhajj Nazmul Ahsan Khaled, Alhajj Abdul Malek Mollah, Alhajj Hafej Md. Enayetullah, Alhajj Abdul Moktadir, Alhajj Ahamedul Haque, Alhajj Abdus Samad, Alhajj Engr. Kh. Mesbah Uddin Ahmed, Alhajj Abdus Salam, Alhajj Niaz Ahmed, Md. Ashik Hossain, Alhajj Md. Badshah Miah, Alhajj Mohammad Haroon, Dr. Momtaz Uddin Ahmed, Ex Director Alhajj A.Z.M. Shamsul Alam, Managing Director Mr. Ekramul Hoque, Deputy Managing Directors, Executive Vice Presidents, Company Secretary, Executives, Officers and large number of Shareholders were present on the occasion.
The Bank achieved growth of 52.53% in Deposit and 45.04% in Investment during the year 2011 compared to 2010. Bank also reduced its Classifid Investment to a large extent. At the end of 2011 Classified Investment of the Bank stood at 0.95%.