The New Nation - Internet Edition

BUSINESS REPORT

The 7th Annual General Meeting of Islamic Finance and Investment Limited (IFIL) was held on June 16 last at BDR Darbar Hall in the city.

The meeting was presided over by Rezakul Haider, Chairman, Board of Directors of IFIL.

Vice-Chairmen Anis Salahuddin Ahmad and SM Bakhtiar Alam and Managing Director Md Rabiul Islam, other directors, sponsors, officials and staff of the company were present at the meeting.

In his speech, the chairman expressed his satisfaction about the overall performance of IFIL.

He mentioned that the outstanding investment rose to Tk 215.18 crore at the end of 2007 which showed 14 per cent growth. In the year 2007, IFIL earned profit before tax of Tk 6.197 crore.

The AGM approved 15 per cent cash dividend for the year 2007. As per Articles of the company, one third (3 directors) of the directors are retired. KBM Moin Uddin Chisty was elected new director and Rezakul Haider and Anwar Hossain Chowdhury were re-elected at the AGM.