The Securities and Exchange Commission (SEC) approves Rights Shares of IFIL on 27 July 2010. The Subscription period for rights issue will be from 15.09.2010 to 05.10.2010. Record date for entitlement of rights share: 11.08.2010. More>>
IFIL Declared 25% Stock Dividend and Right share at the rate of 01(one)[R]:02(two) for the year 2009 More>>
Company
Profile and Background:
The government of Bangladesh in 1991 decided
to allow private capital investment to take
initiative concerning the formation of new and
dynamic financial institution. This company
is a public limited company within the meaning
of clause of section 2(1) of companies’
act, 1994 in Bangladesh fully owned by Bangladeshi
nationals.
Islamic Finance and Investment Limited (IFIL)
was incorporated on February 27, 2001 as a
Public Limited Company with the Registrar
of Joint Stock Companies (RJSC) under the
Companies Act 1994. The following Capital
Structure of the company as on 31st December,2009
was as follows :-
Authorized
Capital : Tk.100 Crore
Share Holders Equity : Tk.51.779 Crore.
Paid Up - Tk.31.875 Crore.
Statutory Reserve - Tk.7.769 Crore.
Retained Earnings - Tk.9.495 Crore.
Other Reserve - Tk.2.640 Crore.
The Bangladesh Bank (BB) issued license to
IFIL to operate as NBFI on April 12, 2001.
IFIL started its commercial operation (Investment)
on April 19, 2001 with establishment of it’s
registered at Noakhali Tower, 55, Purana Paltan,
Dhaka-1000, Bangladesh by 23 Bangladeshi businessman.
In August 2001 IFIL shifted its registered
Office to the present address at Chand Mansion,
66, Dilkusha C/A, Dhaka-1000. From the very
beginning of its operation, IFIL is playing
an important role in private sector leasing
and real estate business. As a full fledged
financial institution it receives deposits
and extend Investments through better counseling
and effective services to the client for the
socio-economic development of the country.
The company continued to be a major financier
to Industrial sector and has also supported
sectors like Real Estate, Trading and other
sectors.
