Annual Report 2016 of Islamic Finance and Investment Limited

It is a broadly described annual report of Islamic Finance & Investment Limited in the year of 2016. In the year 2016, IFIL has paid Tk. 160.46 million to Government exchequer as at source tax, salary tax.VAT, excise duty, and other tax & VAT realized against various services. IFIL earned operating income an amount of Tk. 563.93 million whereas it was Tk. 430.34 million for the year 2015 which increased by Tk. 133.59 million over that of last year. EPS stands at Tk. 2.30 as in 31^st December 2016 reflecting an increase of nearly 40% over 2015. During the period deposit was Taka 8.86 lakh crore and loan Taka 6.56 lakh crore. But in September 2016 classified loan was 10.34 percent which was 8.79 percent in December 2015. Total Investment Income of IFIL stood at Tk. 1174.14 million as on 31^st December 2016 as against Tk. 994.80 million compared to that of the previous year. Total Non-Investment Income of IFIL as at 31^st December 2016 stood at Tk. 106.06 million as against Tk. 121.29 million of the preceding year, which was 9.02% and 12.20% of the total income of the respective years.

The Board of Directors declares @14% dividend (3% Cash & 11% Stock) for the year 2016 which was @13% in 2015. 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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