Credit Management and Financial performance of ISLAMIC FINANCE AND INVESTMENT Ltd. By: Turin Subject Name: Finance 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 extends 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.
Posted on: Tue, 11 Jun 2013 09:08:36 +0000