Islami Bank Bangladesh PLC. informed that the Board of Directors of the company in its meeting held on April 24, 2024 took, among other issues, the following decision: To issue Basel-III complaint Floating Rate Unsecured Redeemable Non-Convertible Subordinated Bond ("IBBPLC Fifth Mudaraba Redeemable Non-Convertible Subordinated Bond") aggregating up to BDT 10 (ten) billion in one or more tranches on private placement basis subject to approval of Bangladesh Securities and Exchange Commission and Bangladesh Bank.