Islamic Finance and Investment PLC. announcements
488 Dhaka Stock Exchange announcements for Islamic Finance and Investment PLC. (ISLAMICFIN) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (28).
- Transmission of Deceased Sponsor's shares to his successors
The Company has informed that Md. Shafiqul Islam, one of the Sponsors of the Company passed away on 06.02.2021. His holding 5,08,782 shares will be transmitted among his successors according to the Succession Certificate issued by the Honorable Court.
- (Q3 Un-audited): EPS was Tk. (0.55) for July-September 2022 as against Tk. 0.15 for July-September 2021; EPS was Tk. 0.0
(Q3 Un-audited): EPS was Tk. (0.55) for July-September 2022 as against Tk. 0.15 for July-September 2021; EPS was Tk. 0.07 for January-September 2022 as against Tk. 0.89 for January-September 2021. NOCFPS was Tk. (15.14) for January-September 2022 as against Tk. (3.77) for January-September 2021. NAV per share was Tk. 14.33 as on September 30, 2022 and Tk. 14.88 as on September 30, 2021. (cont.)
- Q3 Financials
(Continuation news of ISLAMICFIN): The Company has also informed that EPS has been declined due to increase of provisioning and profit suspense against investment. NOCFPS has been negative during the period due to encashment of deposit & lower recovery against investment. (end)
The first part of this announcement is missing from the archive. - Reschedule of Board Meeting under LR 16(1)
The Company has further informed that due to unavoidable circumstances a meeting of the Board of Directors of the Company as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on October 30, 2022 at 3:00 PM instead of October 26, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2022.
- Share Transmission Completion of Deceased Sponsor Director
The Company has further informed that 28,36,335 shares of Late Mr. Rezakul Haider, one of the Sponsor Directors of the company have been transmitted among his successors according to the Succession Certificate issued by the Honorable Court as news disseminated on 11.10.2022.
- Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 26, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2022.
- Share Transmission of Deceased Sponsor Director among his successors
The Company has informed that Mr. Rezakul Haider, one of the Sponsor Directors of the company passed away on 23.04.2021. His holding 28,36,335 shares will be transmitted among his successors according to the Succession Certificate issued by the Honorable Court.
- Emerging Credit Rating Limited (ECRL) has assigned credit rating of the Company as \"A+\" in the long term and \"ST-2\"
Emerging Credit Rating Limited (ECRL) has assigned credit rating of the Company as \"A+\" in the long term and \"ST-2\" in the short term along with a Stable outlook based on audited financial statements of the Company up to December 31, 2021 and six (6 months) unaudited financials ended June 30, 2022 and June 30, 2021 other available quantitative and qualitative information up to the date of rating.
- Appointment of Managing Director & CEO
The Company has informed that Mr. Mohammed Mosharaf Hossain has been appointed as the Managing Director & CEO of the Company with effect from August 07, 2022.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended December 31, 2021 to the respective shareholders.
- (Q2 Un-audited): EPS was Tk. 0.32 for April-June 2022 as against Tk. 0.33 for April-June 2021; EPS was Tk. 0.62 for Janu
(Q2 Un-audited): EPS was Tk. 0.32 for April-June 2022 as against Tk. 0.33 for April-June 2021; EPS was Tk. 0.62 for January-June 2022 as against Tk. 0.74 for January-June 2021. NOCFPS was Tk. (13.42) for January-June 2022 as against Tk. (3.93) for January-June 2021. NAV per share was Tk. 14.88 as on June 30, 2022 and Tk. 14.74 as on June 30, 2021. (cont.)
- Q2 Financials
(Continuation news of ISLAMICFIN): The Company has also informed that EPS has decreased due to decline of earning asset and NOCFPS has decreased due to encashment of substantial amount of high cost deposit. (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on July 19, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2022.
- ISLAMICFIN : Resumption after record date
Trading of the shares of the company will resume on 01.06.2022 after record date.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e. 31.05.2022.
- Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle with cum benefit from 29.05.2022 to 30.05.2022 and trading of the shares will remain suspended on record date i.e, 31.05.2022.
- The auditor of the Islamic Finance & Investment Ltd. has given the \"Other Matter\" paragraphs on the audited financial
The auditor of the Islamic Finance & Investment Ltd. has given the \"Other Matter\" paragraphs on the audited financial statements for the year ended December 31, 2021. Other Matter: a) As per section 234 of Bangladesh Labor Act 2006 as amended up to 2013 every company should establish a Workers Profit Participation Fund (WPPF) and Workers\' Welfare Fund (WWF) within one month of being this chapter applicable if: (cont.1)
- (Continuation news of ISLAMICFIN): (i) The paid-up capital of the company as on the last day of its accounting year is o
(Continuation news of ISLAMICFIN): (i) The paid-up capital of the company as on the last day of its accounting year is one crore taka or more; and (ii) The value of the fixed assets of the company at cost on last day of the accounting year is two crore or more. The company is not doing the same considering industry practice which has been described in note no 2.24; (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of ISLAMICFIN): b) Lease, loans and advances included Taka 3,875,501,107 as Short-Term Finance, Lease
(Continuation news of ISLAMICFIN): b) Lease, loans and advances included Taka 3,875,501,107 as Short-Term Finance, Lease Finance, Term Finance and Housing Finance in FICL 2, FICL 3A, FICL 3B, FICL 4A, FICL 4B, FICL 5A and FICL 5B. Apparently these loans sanctioned without any eligible security (means mortgage of land, Lien of Share) but have the corporate and personal guaranty. Which is represented total Lease, loans and advances\' 40\%; (cont.3)
The first part of this announcement is missing from the archive. - (Continuation news of ISLAMICFIN): We observed that the IFIL has not applied actuarial valuation method for determining
(Continuation news of ISLAMICFIN): We observed that the IFIL has not applied actuarial valuation method for determining liability but we have checked cumulative required provision in line with IFIL gratuity policy where no short has been found; d) IFIL should develop their filing procedure and documentation for Lease, loans and advances. (end)
The first part of this announcement is missing from the archive. - Other Matter
(Continuation news of ISLAMICFIN): c) As per International Accounting Standards (IAS)-19, in order to determine the liability of gratuity, actuarial valuation method has to be applied. As stated in note no. 2.27.02 to the financial statements, the IFIL maintains a gratuity fund for its employees under defined benefit plan. During the year under audit, the IFIL contributed Tk. 3,500,000 into the fund. (cont.4)
The first part of this announcement is missing from the archive. - Q1 Financials
(Q1 Un-audited): EPS was Tk. 0.30 for January-March 2022 as against Tk. 0.41 for January-March 2021. NOCFPS was Tk. (4.98) for January-March 2022 as against Tk. (0.27) for January-March 2021. NAV per share was Tk. 15.61 as on March 31, 2022 and Tk. 15.41 as on March 31, 2021.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (09.05.2022) following its corporate declaration.
- Dividend Declaration
The Board of Directors has recommended 10.50% cash dividend for the year ended December 31, 2021. Date of AGM: 29.06.2022, Time: 11:00 AM, Venue: Digital Platform. Record date: 31.05.2022. The Company has also reported EPS of Tk. 1.32, NAV per share of Tk. 15.31 and NOCFPS of Tk. (1.87) for the year ended December 31, 2021 as against Tk. 1.54, Tk. 14.99 and Tk. 5.58 respectively for the same period of the previous year.
- Q1 Financials (Additional Information)
(Continuation news of ISLAMICFIN): NOCFPS decreased during the period ended 31 March 2022 in compare to the previous corresponding period mainly due to repayment of significant amount of high cost deposit. (end)
The first part of this announcement is missing from the archive. - Dividend Declaration (Additional Information)
(Continuation news of ISLAMICFIN): NOCFPS for the year ended 31 December 2021 is BDT (1.87), which was BDT 5.58 for the year ended 31 December 2020 which is mainly due to repayment of high cost deposit. (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on May 8, 2022 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2022.
- Board Meeting schedule under LR 19(1)
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on May 8, 2022 at 3:00 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.