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AIBL1STIMF

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AIBL1STIMF 10-Feb-2021

(Continuation news of AIBL1STIMF): shares was directly purchased from the company and the remaining 2,174 nos. shares was purchased from Mr. Toufique Imrose Khalidi, Managing Director of the company as transfer of shares of the said company. Considering the news in this regard published in the various daily newspapers and in the interest of continuous development of capital market as well as to protect the interest of the investors the Bangladesh Securities and Exchange Commission (cont.5)

AIBL1STIMF 10-Feb-2021

(Continuation news of AIBL1STIMF): compliant with Rule 58 of Bangladesh Securities and Exchange Commission (Mutual Fund) Bidhimala, 2001. 2. As disclosed in Note # 5.2 (Annex. -C) the AMC of the Fund has made an investment of Tk. 54,350,000 through purchase of 4,348 nos. ordinary shares of Tk. 100/- each of Bangladesh News 24 Hours Ltd at a price of Tk. 12,500 each during the year 2019. Out of the said 4,348 nos. of ordinary shares, 50% i.e. 2,174 nos. (cont.4)

AIBL1STIMF 10-Feb-2021

(Continuation news of AIBL1STIMF): 2001 "The fund shall follow the method approved by the commission for valuation of the non-listed/non-traded investments, if any, the Assets Management Company and the Trustee shall quarterly review the value of such investments. The auditor shall comment on such investments in the annual report of the fund". Since there is a disagreement between the Trustee and the AMC regarding the valuation of the aforementioned companies, the valuation is not (cont.3)

AIBL1STIMF 10-Feb-2021

(Continuation news of AIBL1STIMF): 2001 "The fund shall follow the method approved by the commission for valuation of the non-listed/non-traded investments, if any, the Assets Management Company and the Trustee shall quarterly review the value of such investments. The auditor shall comment on such investments in the annual report of the fund". Since there is a disagreement between the Trustee and the AMC regarding the valuation of the aforementioned companies, the valuation is not (cont.3)

AIBL1STIMF 10-Feb-2021

(Continuation news of AIBL1STIMF): Measurement. On the other hand, the Trustee of the mutual fund did not agree with the valuation policy used by the AMC during the year to make the valuation of the aforesaid companies and the Trustee made a Zero (0) valuation of Bangladesh News 24 Hours Ltd, & Energy Prima Ltd. less than the acquisition cost. We also like to-draw attention that pursuant to the Rule 58 (1) and (2) of Bangladesh Securities and Exchange Commission (Mutual Fund) Bidhimala, (cont.2)

AIBL1STIMF 10-Feb-2021

The auditor of the AIBL 1st Islamic Mutual Fund has given the "Emphasis of Matter" paragraphs in the Auditor's Report for the year ended on 31 March 2020. Emphasis of Matter: 1. The AMC made the valuation of non-listed/non-traded securities namely, Energy Prima Ltd., Unicorn Industries Ltd. and Bangladesh News 24 Hours Ltd., on the basis of "valuation policy" disclosed in note-4.2(ii) of the financial statements complying with relevant guidelines of IFRS 13-Fair Value(cont.1)

AIBL1STIMF 07-Feb-2021

On the close of operation on February 04, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 11.86 per unit on the basis of current market price and Tk. 11.17 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 1,185,889,153.65 on the basis of market price and Tk. 1,117,107,549.05 on the basis of cost price after considering all assets and liabilities of the Fund.

AIBL1STIMF 31-Jan-2021

On the close of operation on January 28, 2021, the Fund has reported Net Asset Value (NAV) of Tk. 11.88 per unit on the basis of current market price and Tk. 11.17 per unit on the basis of cost price against face value of Tk. 10.00 whereas total Net Assets of the Fund stood at Tk. 1,188,210,268.29 on the basis of market price and Tk. 1,117,278,214.19 on the basis of cost price after considering all assets and liabilities of the Fund.

AIBL1STIMF 26-Jan-2021

There will be no price limit on the trading of the units of the Fund today (26.01.2021) following its corporate declaration, however, as per the BSEC Order No. BSEC/CMRRCD/2001-07/04 dated March 19, 2020, the floor price shall be applicable accordingly.

AIBL1STIMF 26-Jan-2021

The Trustee Board of the Fund has declared No dividend based on the Net Loss for the year ended March 31, 2020. The fund has also reported EPU of Tk. (0.62), NAV per unit at cost price of Tk. 10.11, NAV per unit at market price of Tk. 9.41 and NOCFPU of Tk. 1.30 for the year ended on March 31, 2020 as against Tk. 0.79, Tk. 10.83, Tk. 11.35 and Tk. (0.16) respectively for the same period of the previous year.

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