Annual Report 2008 of Islamic Finance and Investment Limited

It is a broadly described annual report of Islamic Finance & Investment Limited in the year of 2008. The company’s outstanding investment increased to Tk. 261.49 Crore at the end of 2008 from Tk. 215.18 Crore in 2007. The company’s pre-tax profit stood at Tk. 6.25 Crore in 2008 which was Tk. 6.20 Crore in 2007. After tax provision of Tk. 56.78 lac, the company’s distributable profit stood at Tk. 5.68 Crore. The shares are listed on the Dhaka & Chittagong Stock Exchanges. As at 31.12.2008 each share was quoted at Tk. 337.50 in the Dhaka Stock Exchange (2007: Tk. 209.00) and Tk. 333.75 on the Chittagong Stock Exchange (2007: Tk. 209.00).

The Board of Directors recommends @16% stock dividend for the year 2008 compared to @15% cash dividend for the year 2007. These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is the company’s functional currency. All financial information presented in Taka has been rounded off to the nearest Taka.

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