IN THE NAME OF ALLAH, THE BENEFICBNT, THE MERCIFULMEMORANDUM OF ASSOCIATION

OFISLAMI BANK BANGLADESH LIMITEI)

I

IL

The name of the company is ISLAMI BANK BANGLADESH LIMITED.Name of theCompany.

RegisteredOffice.

Objects of theCompany.

The Registered office of the company will be situated in Bangladesh.

ilI. The objects for which the Company is established are:

(1)[a] To carry on banking business and services including the.accepting of deposit ofmonev on culrent account or otherwise subject to withdrawal by cheque, drafto. o.d"t based on Islamic Shari'ah and in collaboration with foreign participantsand to carry on all kinds of banking, financing, commercial' industrial andinvestment ictivities on interest free and profit/loss sharing basis with a view toitt;ract foreign investment in Bangladesh and also to introduce and undertaken"* ur"ut 6f Uantittg activities

-such as merchant banking, syndication of

foreign exchange loan-s, issue of guarantee for-joint venture in Bangladesh orabroid with Sranches and/or agencies and/or representative offices inbansladesh and/or abroad and to undertake 'Musharaka', 'Mudaraba' and'Muiabaha' and other activities as permitted by Islamic Shari'ah.

The Bank will not engage itself directly (in its own name) i1-any trading activityin commodities or d6afine in real estates. However, specific projects/schemesrelated to the above couldne undertaken with the prior approval of BangladeshBank.

To carry out investments, or purchase or finance projects or activities owned byothers on interest free basis.

To receive various types of cash deposits, e-ither for saf-e custody or forconditional or uncondiiional reinvestment free of interest.

To purchase and sell gold, bullion and acquire foreign exchange on the spot andsell-or purchase drafls in such exchange'

To provide short-term financing. agalns! collateral in the form of commercialpapirs and at an agreed commercial yield not involving interest'

To open letters of credit and provide banking credit facilities with or withoutsecurity.

To issue guarantees in favour of third parties with or without security.

To collect the value of drafts, promissory notes, cheques, bills of lading and allother instruments against commission for the account of permanent customersand of the parties.

To receive subscription payments related to establishment of new share-holdingcompanies or capital increases.

tbl

(2)

(3)

(4)

(s)

(6)

(7)

(8)

(v)

8

(10)

(11)

(12)

(13)

To ourchase and sell shares, certificates of investment and similar financial

;;dr;;ith"I for ttte account of the company or for the account of other parties(on interest free basis).

To provide safe keeping for all kinds of currencies. precious metals, jewellery,

documents, packagei and parcels and rent safes for private use.

To act as depository and agent, accept agencies and appoint agents with orwithout fee.

To provide individuals, organisations and governments with studies' expertise.r*"!*tt"t, anJ aduice on"capital placem6nts. including the provision of allservices concerning such operations.

To open documentary credits, and provide all banking facilities with or withoutr"..riity, in return foiparticipation in commercial yields'

To finance various activities related to overland transport and marine and air

"rti*tiot or such activities for fleet construction or operation or invest money

for c"onstruction of any kind of transport vehicles'

To finance all kinds of activities related to import and export of crops and

"urio"s commodities and undertake investments ln any kind of commercial or

industrial projects or ventures.

To finance trade in commodities and movables.

To finance storing of all kinds of commodities and crops by traditional methodsor in modern cold-storage facilities or installations'

To acquire land and other real estates which the company mly think necessaryor'"otir""i""l fot ttr" p.rpor" of business of th9 company.and sell or lease them;;t; their original'cohdition as open land or after.improvement or withi;;"ifui;;;, u"iiai"gr a1d eguipmenti added thereto as the Company may thinknecessary or conveni-ent for tlie purpose of business of the Company.

To establish mutual relief association subject to Islamic Sharlah.provisions, toi";;;h;|";p;y's own funds, cash deposits and all other fixed and movableuri"tr, as well as tn rtrrut insurance organiiations for the benefit of other parties'

To invest funds in construction activities and related engineering industries, as*ifi ur - electrical, mechanical, electronic and related activities.

To invest funds in activities related to metal and oil extractions, quarries,fertilizer production and other natural resources'

To invest funds in all agricultural enterprises related. to production of natural

.-p., i"iltr and forests,6r to. animal husbandry or dairy or poultry or food and

fruit caruring or wool Production.

To invest funds for the construction, expansion and replanting of towns and

related infrastructure and housing.

To invest funds in fisheries, sponge-dredging, pearling and other marine or

riverine resources.

To invest fi.rnds for building ships, tankers and boats of all kinds and sizes and

i";;;;trrctio" of Ow-aoEts, hoating docks, and shipping maintenance and

repair yards.

To invest funds for digging, widening, dredging and maintaining canals'

(r7)

(18)

(14)

(ls)

(16)

(1e)

(20)

(21)

(22)

(23)

(24)

(2s)

(26)

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(27)

(28)

(2e)

(30)

(31)

(32)

Iv.

V.

To invest funds in public information media such as newspapers, magazines,radio, television and in projects for verification, publicatiorrand disseriinationof human heritage as well as in activities related to archaeological excavationsand exhibits.

Generally to carry on and undertake any business, undertaking transaction oroperation commonly carried on by bankers, capitalists, promoters,, financiers,entrepreneurs and other financial houses.

To establish a Zakat fund or Charity fund to utilize the same for purposesenjoined by Islam as charitable and meritorious.

To do all such other things as are incidental, or as the Company may thinkconducive, to the attainment of the above objects or any ol them, 6ut notinconsistent with Islamic Shari'ah provisions.

To . carry oq afy -other form of business which the Government may, bynotification in the official Gazette, specify as a form of business in which it islawful for a banking company to engage.

Liability Limited.

Authorised Capital.

The liability of the members is limited.

The Authorised Capital of the Company is 2,000 Crore (20,000 Million) Takadivided into 2,000,000,000 ordinary shares of 10.00 Taka each with powersubject to obtaining prior permission from Bangladesh Bank to increase orreduce the Capital, to divide the shares in the capital for the time being intoseveral classes and to attach thereto respectively such preferential, deferred,qualified or special rights, privileges or conditions as may be determined by orin accordance with the regulations of the Company and to vary, modify orabrogate any such right.s,. privileges or conditions in such manner as may for thetime being be provided by the regulations of the Company and consoiidate orsub-divide the shares and issue shares of hieher or lower denomination.

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