Islamic Finance narrows loss by 76% in Jan-Sep
Company posts Tk27cr loss
Islamic Finance and Investment Limited has significantly reduced its losses in the first nine months of 2025, reflecting some progress in its ongoing efforts to stabilise operations amid persistent challenges in the non-bank financial sector.
According to its un-audited financial statement, the company posted a loss of Tk27 crore during the January-September period, marking a 76% decline from Tk113.63 crore in the same period a year earlier.
Its loss per share stood at Tk1.94, down from Tk8.10 in the corresponding period of 2024. The firm's net asset value per share was Tk1.74 negative, compared to Tk0.20 positive as of 31 December 2024.
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In the third quarter alone (July-September 2025), the company reported a loss of Tk12.21 crore, down 85% year-on-year from Tk80.17 crore. The quarterly loss per share came in at Tk0.87, compared to Tk5.71 a year earlier.
Despite the improved figures, the company continues to face financial distress. In July, the Dhaka Stock Exchange (DSE) downgraded Islamic Finance to the Z category for failing to declare dividends for two consecutive years. On Thursday, its shares slipped 1.47% to close at Tk6.80 each.
Audit firm Zoha Zaman Kabir Rashid & Co noted in the company's 2024 audit report that Islamic Finance had a provision shortfall of Tk93.11 crore against its investment portfolio, for which Bangladesh Bank granted a five-year deferral facility.
As of 31 December 2024, the company's total outstanding investments stood at Tk952.25 crore, of which Tk557.72 crore, or 58.57%, were classified as non-performing loans. Of these, Tk456.65 crore, or 81.88%, were categorised as bad losses – underscoring the fragile state of its loan book despite reduced quarterly losses.
