| Azaraimy HH |
BANK Islam Brunei Darussalam (BIBD) announced a record dividend for shareholders yesterday.
BIBD is the largest financial institution in Brunei Darussalam, leading the market in terms of assets, financings, and deposits. It held its annual general meeting yesterday at the Tarindak Hall located at the Brunei Arts and Handicrafts Training Centre on Jalan Residency in the capital.
The country’s flagship bank presented its 2015 annual report headlined by its highest ever dividends of 7.3 cents for its shareholders. The bank said this represented a 28 per cent increase on last year’s dividend, highlighting BIBD’s commitment to deliver better returns to its shareholders.
BIBD also shared the bank’s double digit growth in terms of net profit after Zakat and taxation showcasing BIBD’s resolve to endure challenging economic conditions.
The meeting was also held to approve the Financial Statements for the year ending December 31, 2015, as well as announcement Appointment and Settings of the Auditors fees for the Financial Year ending December 31, 2015.
Chairman of BIBD Board of Directors, Dato Seri Setia Awang Haji Bahrin bin Abdullah, Minister of Development, expressed his appreciation of support from shareholders. “Alhamdulillah, our improving performance thus far has enabled us to provide an increase in our dividends to our shareholders.
Dato Seri Setia Awang Haji Bahrin bin Abdullah, Minister of Development and Chairman of BIBD Board of Directors, and other BIBD panellists during the meeting at Tarindak Hall yesterday. – AZARAIMY HH
He added, “BIBD has also increased its contribution to economic development and innovative Islamic finance to develop an economy that is in line with Vision 2035.
The board and management is committed ins strengthening BIBD’s and performance as a true symbol of Islamic banking in Brunei Darusalam, in line with its importance to the Bruneian banking industry”
Also in attendance on the panel were other BIBD board members along with BIBD Managing Director, Mubashar Khokhar.
Others in attendance were the Chairman of BIBD’s Syariah Advisory Body, Dato Seri Setia Haji Abdul Aziz bin Orang Kaya Maharaja Lela Haji Mohd Yusof, Permanent Secretary at the Ministry of Religious Affairs, accompanied by other members of the Syariah Advisory Body, along with BIBD’s officers and staff.
BIBD was ranked 38th in terms of Soundness (Capital Asset Ratio) in the top 1,000 World Banks by ‘The Banker’ in 2016. BIBD is one of the safest banks in the world and is given impressive credit rating of A – by the Standard & Poor’s in 2015, the highest for a Bruneian bank and among the highest in the region. BIBD has been named the ‘best Retail Bank in Brunei’ by The Asian Banker in 2013, 2014, 2015 and 2016.
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