Al-Arafah Islami Bank Ltd will pay 13 percent cash dividends to its shareholders for the year ended on December 31, 2019.
The decision was taken in the 348th meeting of the board of directors of the bank on Sunday via video conference, said a press release.
Alhajj Abdus Samad Labu, chairman of the board, presided over the virtual meeting.
However, the final approval of the dividends will come during the bank's 25th annual general meeting (AGM) on September 3.
The record date is July 30 this year.
Vice Chairman Md Abdus Salam and other board members and senior executives also attended the meeting.