Investment Corporation of Bangladesh (ICB) and Islami Bank Bangladesh Limited has signed a trust deed of new open-end fund named ‘CAPITEC-IBBL SHARIAH UNIT FUND’. The organizations have taken this initiative with the aim of accelerating the Mutual Fund industry and Capital Market of Bangladesh.

The Trust deed was signed in Tuesday (19-November-2019) at the Head office of ICB located in Motijheel. Capitec Asset Management Limited will act as the Asset Manager of this fund. ICB is acting as trustee of the Fund and the fund is sponsored by Islami Bank Bangladesh Limited.

ICB Managing Director Md. Abul Hossain and General Manager Dipika Bhattacharjee, Deputy General Manager Md. Amzad Hossain Kibria, Managing Director & CEO of Islami Bank Bangladesh Limited Mr. Md. Mahbub-ul-Alam, Deputy Managing Director & Company Secretary Mr. J Q M Habibullah FCS and Chief Financial Officer Mr. Md. Ashraful Haque FCA. Prominent Business person and Chairman of Capitec Asset Management Limited Mr. Hasan Rahman, Managing Director Mr. M. Mahfuzur Rahman, Head of Operation Mr. Prosenjit Saha and others were present in this signing ceremony.