Al-Arafah Islami Bank Limited (AIBL) has approved 14 per cent cash dividend for its shareholder for the year that ended on December 31, 2014.
The approval came at the 20th annual general meeting (AGM) of the bank at its proposed head office in the city on Tuesday, said a press release.
The bank's Board of Directors Chairman Badiur Rahman presided over the meeting.
AIBL directors Md Harun-ar-Rashid Khan, Abdul Malek Mollah, Hafej Md Enayetullah, Abdus Samad, Engineer Kh. Mesbah Uddin Ahmed, Niaz Ahmed, Dr Md Shafiul Haider Chowdhury, Md Liakat Ali Chowdhuty and Khalid Rahim, founder chairman AZM Shamsul Alam, Managing Director Md Habibur Rahman, deputy managing directors and company secretary were also present in the AGM.
A large number of shareholders of the bank took part in the meeting.
The bank achieved growth of 18.35 per cent in deposit and 16.72 per cent in investment during the year 2014 compared to that of 2013.
The shareholders participated in the review of the overall performance of the bank and expressed their satisfaction in the AGM.