IPDC-Finance

IPDC Finance PLC, a company listed in the financial sector of the stock market, is set to enter the Islamic Shariah based financing business. Bangladesh Bank has granted the company in principle approval for this purpose. IPDC Finance disclosed the matter in information published on the websites of the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on Sunday. The company said it will conduct Shariah based financing operations by establishing an “Islamic Finance Wing.” How...

It is not about exploiting loopholes in the law. Looting is taking place through direct violations of the law. When everyone from elected representatives to government officials becomes part of the same web of corruption, the state’s accounts show only losses. A major fraud has taken place involving a vehicle purchased under a duty-free facility. Through the abuse of power and in exchange for bribes, several crore taka in government revenue has disappeared. The market price of a 2020 To...