Islamic Finance and Investment Limited (IFIL) was incorporated in 2001 as a public limited company, commenced its operations from the same year. Company inaugurated its office in 2002 by Honorable President of Bangladesh. Company later listed its shares and started trading in DSE and CSE during 2005.
Since then company has been a leading financier to industry along with real estate and trading communities. IFIL is the first financial company to receive ISO certification and hence ensured that quality of services will be the foremost at company’s operation. IFIL today has six branches and strong team of 100 employees.
Company’s philosophy from the beginning itself was to be first and different from others. It was the first financial institution based on Islamic Shariah. Company wants to be a leader rather than a follower and hence has always been the pioneer in the area of financial services and giving customer a “Little Extra” to have a permanent bond with them. Company’s vision is to be a leading Finance company with Islamic Principles.
Company has set an ambitious mission for itself in coming period. These are:
- Give quality service with honesty, sincerity and care
- Maximize stakeholders value
- Operate with Shariah Principles and follow ethical practices in all type of dealing
- Ensure employee satisfaction by providing job satisfaction
- To understand social responsibility and hence be a part in nation’s development
IFIL’s value system revolves around eight factors. These are abbreviated as SET RIGHT
• S =Service
• E =Efficiency
• T =Teamwork
• R =Responsibility
• I =Integrity
• G =Glory
• H =Harmony
• T =Transparency
Operating on Ethics and Values gave IFIL “Crest on Honor” by Gono Jagran a leading Daily Newspaper in Bangladesh during 2011.
Company has different types of Investment and Deposit products to meet its customer needs. Investment products are
• Lease Finance
• Real Estate Finance
• Bai-Muajjal finance (Trade Finance)
• SME Finance
• Project Finance
Company accepts deposits for meeting its long term and short term capital requirement. Its deposit includes duration of six to sixty months and interest rate varies from 9-10.5%. IFIL’s deposit schemes are divided into two types
• Cumulative Term Deposits
• Monthly Term Deposit
For cumulative term deposits company offers Double the Money and Triple the money schemes for duration above five years. While in Monthly deposit schemes investors get some fixed amount monthly on the basis of investment. Interest rate in these schemes varies from 9-10.5% per annum.
Company also serves big corporate houses with different type of services like
• Syndicate Loan
• Financial Consultancy
• Undertaking Services
Islamic Finance and Investment Limited has a strong financials recorded during FY2011 on the basis of its great operational efficiency. Total deposit of the company stood at Tk. 2881 Million, Operating Revenue was Tk. 528 Million and Profit after Tax at Tk. 28 Million during FY11.
Islamic Finance and Investment Limited has an extremely bright future because of its principles, values and philosophy adopted in the operation. Finance company guided by a religious principle is an added advantage for IFIL and Company will be a leading financial powerhouse of Bangladesh in nearer future.
Islamic Finance and Investment Limited enlisted in Dhaka Stock Exchange in 2005, it’s been rated as “A” category share under the Financial Institution sector as on 09-11-2014
Contact Information of Islamic Finance and Investment Limited
Head Office: Bhuiya Center, 68, Dilkusha C/A, Dhaka-1000,
Contact Phone: 88-02-7114427, 88-02-9565604
Fax: 88-02-9563566, 9555454
Web Address: www.ifilbd.com