IslamicFinance.de

The 2nd Joint District Judge Court, Dhaka has given its verdict on Social Islami Bank Ltd's plea to dispose off the entire shares and delist the names of Islamic Charitable Society and Shahir Abdulraouf Batterjee from the bank's Share Register Book. The order depicts that the Islamic Charitable Society and Shahir Abdulraouf Batterjee being banned and non-existent entity, and hence, SIBL is entitled to sell the aforesaid shares and deposit the sale proceeds thereof in the special reserve account / suspense account. The Court also empowered SIBL to delete the names of both Islamic Charitable Society and Shahir Abdulraouf Batterjee from the bank's Share Register Book after selling of the aforesaid shares.