Highlights of the 13th AGM 2011 of the Islamic Cooperative Finance Australia Ltd
- Record number of ICFAL members attended the 13th AGM held on 9th October 2011 (11 D.Qadah 1432.)
- This AGM approved dividend $4.00 per general pool fund share and $4.50 per long term investment fund shares (Children Education fund, SMSF and Hajj Fund). Each share is valued at $100 each.
- Special resolution of section 77.a. Six director positions have been registered by the Department of Fair Trading.
- Two retiring directors, Br. AKD Khaled and Br. M Yusuf Ali were re-elected. A new position on the Board of Directors has been filled with the election of Br Nashat Qadan.
- Mr. Savino Savona, CPA was appointed as the auditor for the coming year.
A wide range of operational and functional issues were openly discussed within a co-operative environment. The members of the co-operative have shown their enthusiasm and thorough appreciation of the opportunity that Halal Finance presents in Australia. This opportunity is created by the involvement of the members and the hard work of the directors and office bearers.
