Tag Archives: IFIL Islamic Mutual Fund

IFIL Islamic MF draw Oct 26

FE Report

The lottery draw for IPO (initial public offering) of IFIL Islamic Mutual Fund-1 (IFILIMF-1) will be held on October 26 at the National Sports Council, officials said.

The IPO has been oversubscribed by 3.31 times, an official said.

The official said the draw of the mutual fund will start at 10.30 am and the schedule for refund warrants will be announced later.

Among the total units worth Tk 1.0 billion, the IFILIMF-1 will offload the units valued at Tk 500 million in IPO at a face value of Tk 10.0. The mutual funds and non-resident Bangladeshis are allowed to buy the units of Tk 50 million each.

Source: The financial express, 22 October, 2010

IPO subscription of IFIL Islamic Mutual Fund-1 from tomorrow

IPO Subscription of IFIL Islamic Mutual Fund-1 will begin tomorrow, 25 September 2010 and close on 30 September, 2010. For NRB it will be open till 09 October, 2010.

It’s face value 10/= per unit and market lot is 500. It is a Close-end Mutual Fund of 10 (Ten) years tenure.

For more information you can visit http://www.bdipo.com/companies/15

Source: Own correspondence, bdipo.com

Subscription of IFIL Islamic Mutual Fund-1 from 26 Sep

Own correspondence, bdipo.com

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.