Subscription of IFIL Islamic Mutual Fund-1 from 26 Sep

Own correspondence,

IPO subscription of IFIL Islamic Mutual Fund-1 will be started from 26 September, 2010 and continue till 30 September, 2010. For NRB, it will be opened till 09 October, 2010.

It is a close-end mutual fund of ten years tenure. It’s face value is 10/= while market lot is 500. Total size of this fund is 100,000,000 units( Tk. 1,000,000,000.00) out of which Sponsor’s portion is 10,000,000 units , public offer is 50,000,000 units and Pre IPO placement is 40,000,000 units.

ICB Asset Management Company Limited is the asset manager, Islamic Finance and Investment Limited is the sponsor and Investment Corporation of Bangladesh acts as trustee and custodian of this issue.