IDLC Shariah Fund Holds 25th Supervisory Board Meeting
The 25th Shariah Supervisory Board Meeting of IDLC Asset Management Shariah Fund, managed by IDLC Asset Management Limited, was held on 12 January, 2026 with Dr Syed Muhammed Emdad Uddin in the chair, and attended by other board members — Allama Dr Sayed Kamaluddin Abdullah Zafree, Dr M Mahabbat Hossain, Professor Mamtaz Uddin Ahmed, FCMA, Dr Muhammad Manzur-E-Elahi, and Mufti Dr Yusuf Sultan.
In the meeting, the board reviewed the Shariah-based activities of the fund for the second quarter of FY 2025–26 (October–December 2025) and approved all Shariah compliance reports. They also discussed issues related to Shariah-based laws and guidelines of the fund.
The IDLC Asset Management Shariah Fund has already gained recognition in Bangladesh for providing attractive tax rebates and good profits through Shariah-based investments. Notably, its Shariah investment policy has been endorsed by Dubai-based Shariah finance advisory firm Amanie Advisors.
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Similar to Mudaraba DPS, investors can invest a fixed amount starting from Tk5,000 per month in this fund and avail up to Tk75,000 in tax rebate — which is over four times higher compared to Mudaraba DPS. Along with tax benefits, the fund prioritises secure investments by focusing primarily on Sukuk — a leading and popular investment instrument in Islamic economies such as Saudi Arabia and Malaysia — to ensure stable and attractive profits for its investors.
