BD Finance holds 9th Extra Ordinary General Meeting

Sun Online Desk

15th February, 2021 06:40:32 printer

BD Finance holds 9th Extra Ordinary General Meeting

The 9th Extra Ordinary General Meeting (EGM) of BD Finance was held on 15th February through virtual platform.

Mr Manwar Hossain, Chairman of BD Finance presided over the meeting. The EGM approved the amendment of the company name from Bangladesh Finance and Investment Company Limited to Bangladesh Finance Limited.

In the EGM, Shareholders of the company also approved amendment in the objective clause of the memorandum and inclusion of appointment of shariah Supervisory Committee in the Articles of Association for the operation of Islamic wing.

Bangladesh bank recently has given its kind consent to establish a separate Islamic wing of BD Finance to deal with Shariah based Islamic Finance and offer a complete range of Shariah compliant Islamic financing solutions.

In the meeting, the Chairman of BD Finance Mr. Manwar Hossain said “we do not consider ourselves the owners of BD Finance; rather we are the custodian of our people’s money and interest. We hope to defend the interest of our stakeholders constantly. By introducing Islamic Wing, we will soon enter into a new era towards progress.”

Mentioning the rename of BD Finance, Md. Kyser HamidManaging Director & CEO said “the new name ‘Bangladesh Finance’ representing the national spirit of Bangladesh to mark its 50th anniversary of the Liberation War. We want to represent Bangladesh Finance as the Financial Institute of all people of the country,” He also said  BD Finance is now the only listed FI which has both the Islamic and Conventional wing license. Considering the overall improvement, he also added that BD Finance has improved in credit ratings from Single A to Double A.

The meeting was attended, among others, by Vice Chairman of the company Iqbal U Ahmed, Director Mr. Md. Asaduzzaman Khan, Director Mr. Golam Hafiz Ahmed, Director Mrs. Shahnaz Rashid, Director Mr. Geasuddin Ahmed, Director Mr. YousufAman, Director Mr. ImtiyajYousuf, Director Mr. IhtiazYousuf, Director Mr. Md. Rokonuzzaman, FCA and Managing Director & CEOMd. Kyser Hamid.Company Secretary Mr. Munshi Abu Naim ACS conducted the Meeting. A large number of shareholders and the company’s senior officials also attended the meeting on virtual platform.


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