IPDC Finance eyes growth with new Shariah-compliant operations

IPDC Finance PLC, the country's first private sector non-bank financial institution (NBFI), has decided to venture into Shariah-compliant territory by opening a dedicated Islamic Finance window.

According to a price-sensitive disclosure filed with the Dhaka Stock Exchange (DSE) today (2 August), the company's board has approved the commencement of Shariah-compliant business operations, which will run simultaneously with its existing conventional financial services. The launch is subject to final approval from the relevant regulatory authorities.

Investors cheered the strategic expansion, as IPDC's share price jumped 2.80% to settle at Tk33.10 on the premier bourse following the announcement.

IPDC's foray into Islamic finance follows a period of strong financial performance. The NBFI posted a 37.6% year-on-year growth in net profit after tax to Tk20.70 crore in the first half of 2026, buoyed by higher net interest income and a 39.2% increase in investment income to Tk78.60 crore, as it capitalised on elevated treasury yields.

Rizwan Dawood Shams, managing director of IPDC Finance, attributed the sustained growth and new strategic initiatives to the trust placed in the institution by its customers. He reaffirmed the company's commitment to the highest standards of governance.

Chairman Ariful Islam added that the performance reflects the strength of IPDC's core business model, with the majority of income derived from financing businesses and individuals.

As of 30 June 2026, IPDC's loan portfolio stood at Tk7,417 crore, while total deposits grew by 8% from December 2025 to reach Tk6,716 crore. 

The company's earnings per share (EPS) also saw a notable improvement, rising to Tk0.48 from Tk0.35 in the corresponding period of the previous year.