Ibn Sina withdraws shares from Islamic Bank

IBN Sina Trust is now picking up shares of Islami Bank after the foreign entrepreneurs withdrew their shares on ownership changes. Islami Bank's entrepreneur has announced the sale of all its shareholders (corporate sponsor).

On Thursday, the Dhaka Stock Exchange (DSE) reported the information.

DSE said, Ibn Sina Trust will sell Islami Bank's 3 million 60 million 77 thousand 391 shares. Within the next 30 business days, Ibn Sina Trust will sell these shares at the existing market rates through Dhaka Stock Exchange and Chittagong Stock Exchange. Which will be traded on the block market.

Ibn Sina Trust has announced the sale of Islami Bank, up to two percent of the total share of the bank. Earlier, in October, the company's entrepreneur (corporate sponsor), Bangladesh Islamic Center, sold the shares. The entrepreneur's founding in the 37 lakh shares of Islami Bank near the Islamic Center of Bangladesh has sold a single share. Earlier, on September, Kuwait's Finance House sold all the shares of Islami Bank.

The bank had 8 crore 45 lakh 63 thousand 782 shares in the bank, which is 5 percent of the total share of the bank. The bank's founding entrepreneur Bahrain Islamic Bank has sold all the shares of Islami Bank in 2014. Dubai Islamic Bank sells all the shares in 2015.

On January 5 last year, there was a big change in the management of Islami Bank Board. After the change, Islami Bank's entrepreneur director IDB (Islamic Development Bank) sold 869.6 million shares in May.