Islamic Finance and Investment Limited Managing Director and Chief Executive Officer (CEO) A. Z. M. Saleh posing for photograph with other officials at a launching ceremony of three new products at the National Press Club in the capital on Tuesday The Islamic Finance and Investment Limited (IFIL) has formally launched three new products in order to provide better financial service to its customers.
The new products are Mudaraba Asan Deposit Scheme, Raha (Comfort) and Sila Ul Istihlaq (Commodity).
Of them, one is deposit scheme and the two others are investment products.
IFIL Managing Director and Chief Executive Officer (CEO) A. Z. M. Saleh launched the products as the chief guest at a programme held at the National Press Club in the capital on Tuesday.
He said the deposit scheme is aimed at individual clients from low end up to high end.
The clients can deposit any amount at anytime under the new deposit scheme and the profit will be counted on a daily basis, said Saleh.
He said the 'Raha (Comfort), an investment facility, will support the opening and retirement of Letter of Credit (LC) to purchase raw materials, capital machinery, commercial vehicles, heavy equipment, etc.
Under the Silaa Ul Istihlak-Bai Murabaha (Commodity) scheme, the clients can purchase and make acquisition of commodity items for trade, he mentioned.
The product is offered to purchase commodity items for resale in the market to fulfill the seasonal demand of the market, he added.
IFIL Vice Chairman Anis Salahuddin Ahmad, Executive Committee Chairman Anwar Hossain Chowdhury, Director Liaquat Hossain Moghul and Deputy Managing Director Muhammad Ruknuzzaman were also present at the press conference and spoke.
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