BD Finance Ltd changes company name in 9th EGM

Bangladesh Finance and Investment Company Limited has changed its company name to Bangladesh Finance Limited during its 9th Extraordinary General Meeting (EGM) on Monday through a virtual platform. 

Manwar Hossain, chairman of BD Finance, presided over the meeting while The EGM approved the amendment of the changed company name, said in a press release.

Shareholders of the company also approved the amendment in the objective clause of the memorandum and inclusion of appointment of Shariah Supervisory Committee in the Articles of Association for the operation of Islamic wing.

Bangladesh bank recently has given its consent to establish a separate Islamic wing of BD Finance to deal with Shariah based Islamic Finance and offer a complete range of Shariah compliant Islamic financing solutions.

In the meeting, the Chairman of BD Finance, Manwar Hossain, said "We do not consider ourselves the owners of BD Finance; rather we are the custodian of our people's money and interest. We hope to defend the interest of our stakeholders constantly by introducing Islamic Wing. We will soon enter into a new era towards progress."

Mentioning the rename of BD Finance, Md Kyser Hamid, MD and CEO, said, "The new name 'Bangladesh Finance' represents the national spirit of Bangladesh to mark its 50th anniversary of the Liberation War. We want to represent Bangladesh Finance as the Financial Institute of all people of the country,"

He also said, "BD Finance is now the only listed FI which has both the Islamic and Conventional wing license. Considering the overall improvement, BD Finance has improved in credit ratings from Single A to Double A."

Vice Chairman of the company, Iqbal U Ahmed; Director, Md Asaduzzaman Khan; Director, Golam Hafiz Ahmed, Director, Shahnaz Rashid; Director, Geasuddin Ahmed; Director, Yousuf Aman; Director, ImtiyajYousuf; Director, IhtiazYousuf; Director, Md Rokonuzzaman, FCA; and Managing Director and CEO, Md Kyser Hamid attended the meeting among others.
Company Secretary, Munshi Abu Naim ACS, conducted the Meeting. A large number of shareholders and the company's senior officials also attended the meeting on virtual platform.