auditors' report to the shareholders of islami bank bangladesh limited

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Balance with Sonali Bank Ltd In Local Currency (b) 1,190,643,589 475,802,299 Grand Total (a+b) 14,169,314,125 22,108,799,728 7.3 Cash Reserve Requirement (CRR) and Statutory Liquidity Requirement (SLR) have been calculated and maintained in accordance with the Section 25 & 33 of the Bank Company Act 1991 and subsequent BRPD Circular No. 11 & 12, both dated August 25, 2005 and as per Bangladesh Bank's Letter No. BCD (P) 744 (23)/ 5 dated January 03, 1987. With effect from October 01, 2005 CRR is 5% as per guidelines given by Bangladesh Bank and the Bank maintained CRR above the minimum requirement throughout the year. SLR of the Bank is 10% as like as other Islamic Banks as per Bangladesh Bank Letter No. BCD (P) 744 (23)/ 5 dated January 03, 1987, as against 18% of Conventional Banks and the Bank maintained SLR above the requirement throughout the year as follows: 7.3.1 Cash Reserve Requirement (CRR): 5% Required Reserve 8,086,481,500 6,296,851,150 Actual Reserve held with Bangladesh Bank 9,979,984,944 20,319,446,838 Surplus / (Deficit) 1,893,503,444 14,022,595,688 Maintained (%) 6.17% 16.13% 7.3.2 Statutory Liquidity Requirement (SLR): 10% Required Reserve 16,172,963,000 12,593,702,300 Actual Reserve maintained 34,405,719,570 25,725,399,000 Surplus / (Deficit) 18,232,756,570 13,131,696,700 Maintained (%) 21.27% 20.43% 7.3.3 Components of Statutory Liquidity Requirement (SLR) Cash in hand including Foreign Currency 2,907,141,037 1,410,149,863 Balance with Bangladesh Bank & its Agent Bank 11,170,628,533 20,795,249,137 Unencumbered approved Securities : Investment in Shares of Bangladesh Shipping Corporation 327,950,000 20,000,000 Bangladesh Government Islamic Investment Bond 20,000,000,000 3,500,000,000 Total 34,405,719,570 25,725,399,000
Amount in Taka as at December 31, 2007 2006 8.0 Balance with other Banks & Financial Institutions In Bangladesh i) In Current Account 1,069,079,772 442,107,120 ii) In Mudaraba Savings & MTDR Account with Other Islamic Banks / Financial Institutions 1,284,774,578 317,210,183 Sub Total 2,353,854,350 759,317,303 Outside Bangladesh Note (8.1) 1,658,474,130 569,810,331 Grand Total 4,012,328,480 1,329,127,634 IBBL had a liability of Tk. 8.18 million payable to the different units of BCCI world wide as against an aggregate amount of Tk. 6.10 million is receivable from the same group as at December 31, 2007 resulting to a net payable of Tk. 2.08 million. In view of present situation of BCCI, adequate provision has been made against net payable for the same. 8.1 Balance with other Banks & Financial Institutions Outside Bangladesh Foreign Currency Amount in F.C Exchange Rate 2007 2006 US Dollar 20,130,262.06 68.5728 1,380,388,434 450,545,420 Great Britain Pound 864,530.38 136.6999 118,181,216 38,621,521 Saudi Riyal 28,704.29 18.2758 524,594 550,651 EURO 1,384,145.24 100.8980 139,657,487 74,146,372 YEN 32,368,947.00 0.6093 19,722,399 5,946,367 Total 1,658,474,130 569,810,331 8.2 Maturity - wise Classification i) Repayable on Demand 3,860,298,768 1,218,146,004 With a residual maturity of ii) Not more than 3 months 112,029,712 25,161,630 iii) Over 3 months but not more than 1 year 40,000,000 85,820,000 iv) Over 1 year but not more than 5 years v) More than 5 years - - Total 4,012,328,480 1,329,127,634 9.0 Investments in Shares & Securities
Page 1 and 2: AUDITORS’ REPORT TO THE SHAREHOLD
Page 3 and 4: ISLAMI BANK BANGLADESH LIMITED Bala
Page 5 and 6: Bills for Collection 7,397,027,013
Page 7 and 8: Total Profit/(Loss) before Taxes 3,
Page 9 and 10: Exchange Equalization Account 38,40
Page 11 and 12: Cash flows from Financing Activitie
Page 13 and 14: ISLAMI BANK BANGLADESH LIMITED Note
Page 15 and 16: a) Provident Fund The provident fun
Page 17 and 18: 5.0 Related Party Disclosure as per
Page 19 and 20: ♦ Investment to related parties i
Page 21: 6.7 Credit Rating Report Credit Rat
Page 25 and 26: 10.1 Maturity-wise Classification i
Page 27 and 28: Sugar Refinery Ltd 2,830.00 444.20
Page 29 and 30: iv) Industry -wise Classification o
Page 31 and 32: Amount in Taka as at December 31, 2
Page 33 and 34: Less: Accumulated Depreciation Net
Page 35 and 36: ii) iii) iv) v) vi) Demand With a r
Page 37 and 38: 17.0 i) ii) iii) iv) v) vi) vii) vi
Page 39 and 40: i) Provision held at the beginning
Page 41 and 42: i) Balance at the beginning of the
Page 43 and 44: 20.3 Shares 30,001 to 40,000 4 Shar
Page 45 and 46: Opening Balance 419,618,687 464,760
Page 47 and 48: Sub Total (ii) 46,705,393 75,772,83
Page 49 and 50: Income from Profit Fluctuation Less
Page 51 and 52: (Subscription) xv) Staff Welfare 16
Page 53 and 54: (a) Attributable Profit for the yea
Page 55: Annexure-B Islami Bank Bangladesh L

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