Islami Bank Bangladesh Limited has signed a memorandum of understanding (MoU) with Bangladesh International Arbitration Center (BIAC) for getting assistance on resolution of commercial and money loan disputes on Wednesday at Islami Bank Tower.
The agreement will provide a framework to facilitate resolution of contractual and commercial disputes of IBBL using Alternative Dispute Resolution (ADR) methods such as Arbitration and Mediation through ADR expert services of BIAC. Managing director and CEO Islami Bank Limited Md Abdul Hamid Miah and chief executive officer of BIAC Muhammad A (Rumee) Ali signed the agreement on behalf of their respective organizations.
Among others, AMD Md Mahbub-ul-Alam, DMDs Md Shamsuzzaman, Abu Reza Md Yeahia, J Q M Habibullah, FCS and Taher Ahmed Chowdhury, EVPs Md Shafiqur Rahman and Md Abdul Jabbar of the bank, Director M A Akmall Hossain Azad, Mahbuba Rahman Runa, Rubaiya Ehsan Karishma were also present.
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