Company · Initiation · 31 Oct 2026
A 74% Mudaraba payout and 4.5% NPI support fair value BDT 9–25; 2026 cash dividends are barred
Fair value range BDT 9–25 (base 16) against a price of 17.3, from residual income on adjusted book. Deposit share gains, the Q4 provisioning habit and the Tk2,000 crore dividend rule decide value.
We put Shahjalal Islami Bank's (SJIBL) fair value at BDT 9–25 a share, base 16 (probability-weighted 16.2), against 17.3 on 29-Oct-2026. The base is 0.61x the September-2026 book of BDT 25.42 and 4.2x our FY2026F earnings to ordinary shareholders. SJIBL is one of the few…
Fair value ৳9–25 · price ৳17.30 (2026-10-29)