The bank is spending the money through the Islami Bank Foundation, he said at a meeting at the secretariat yesterday.
According to the statement on its website, the bank had a net profit of Tk 352,80,68,100 as on September 30, 2010.
The home ministry has asked the bank authorities to submit a report before April 7 on where the bank spent its profit, Tuku said at the 9th meeting on ways to combat militancy at his office.
Home Secretary Abdus Sobhan Sikdar, Inspector General of Police (IGP) Hassan Mahmood Khandker and Rapid Action Battalion
Director General Mukhlesur Rahman also attended the meeting.The home ministry has intelligence report that the bank is spending certain amount of its profit to fund the jihad boys, a meeting source told The Daily Star.
The Bangladesh Bank (BB) in November last year assigned its General Manager SM Moniruzzaman to identify any suspicious transaction by Islami Bank Bangladesh and its foundation.
Prior to that on November 8, the BB imposed a ban on giving funds to the foundation for its alleged lack of transparency in the transaction, and for violation of Islamic Sharia.
A BB official said the general manager is assigned with overseeing the overall activities of the bank and monitoring of its fund transfer to the foundation.
Islami Bank's Public Relations Officer Mohammad Abdul Mannan, however, denied the bank's involvement in funding jihad boys.
"If we fund gunnies then why the authority concerned does not halt our banking?" he told The Daily Star.
| "Sgt. Belal, I think I found the idiot you wanted." "Well done, lad. Get the report from him, and then we can act." |
He added that he has information that the bank spent its Jakat fund in 16 phases though it is permitted to spend it in eight phases.
The state minister instructed the IGP to use community police to uproot militancy from the society and to stop recruiting members for jihad boy groups from academic institutions.