auditors' report to the shareholders of islami bank bangladesh limited

Islami Bank Bangladesh Limited issued Mudaraba Perpetual Bond (MPB) under the Mudaraba Principles of
Islamic Shari’ah as per approval of Bangladesh Bank (Central Bank) as well as Securities and Exchange
Commission (SEC). The MPB was listed with Dhaka Stock Exchange Ltd & Chittagong Stock Exchange
Ltd and trading of the same started from 25th November 2007.
19.0 Other Liabilities
i)
Provision for Classified & Unclassified Investments
and Off- Balance Sheet
4,000,000,000 3,032,735,316
Items (Note-19.1, 19.2 & 19.3)
ii)
Current Tax (Note-
19.4.1)
1,013,638,257 1,224,148,422
iii)
Deferred Tax (Note-
19.4.2)
112,459,677 81,459,677
iv)
Provision for Other
Assets
42,522,934 42,522,934
v) Zakat Payable 100,200,368 87,894,738
vi) Dividend Payable 12,555,205 18,382,274
vii)
Foreign Currency Deposit - L/C
Cover A/C
16,947,962 14,926,826
viii)
Foreign Currency Held against Back
to Back L/C
2,525,931,167 1,642,750,426
ix)
Foreign
Correspondents
4,855,094 4,713,931
Charges
x)
Incentive Bonus
Payable
332,665,636 290,834,505
xi) Valuation Adjustments 837,636,137 417,855,302
xii)
Foreign Currency
Fund Held
170,397,699 236,780,994
xiii)
Payable against
Expenditure
120,814,691 100,971,251
xiv) Clearing Adjustment 18,780,291 24,205,106
xv) Transfer Delivery 361,485 559,508
xvi)
Profit/ Rent Compensation Suspense Account (Note
- 19.5)
619,387,646 605,443,250
xvii)
IB General Account
(Note - 19.6)
266,568,572 -
xviii) Others ( Note - 19.7) 4,350 20
Total 10,195,727,171 7,826,184,480
19.1 Provision for Classified Investments