IFIL is going to launch its SME Branch at Old Dhaka More>>
Now IFIL at Uttara,Dhaka. Address: Plot # 18, Sector # 9, Sonargaon Janapath, Uttara, Dhaka-230. More>>
IFIL Declared 15 % Cash Dividend for the year 2007 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 with the following Capital
Structure:-
Authorized
Capital : Tk.100 Crore
Share Holders Equity : Tk.36.055 Crore.
Paid Up - Tk.27.478 Crore.
Statutory Reserve - Tk.37.995 Crore.
Retained Earnings - Tk.47.776 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.
