Professional Documents
Culture Documents
Introduction
It follows the model of Malaysias pilgrims fund and management institution, popularly known as TABUNG HAJJI which focuses on mobilizing savings from would-be pilgrims who intend to perform hajj in the Holly Land. It invests its excess fund in Sharia-based activities.
HFCL is a Shariah-based non-banking financial institution licensed by Bangladesh Bank under the Financial Institution Act 1993. It obtained its license in September 2006 The company is jointly owned by Malaysian-Kuwaiti interest and Dhaka Ahsania Mission. Ownership Ratio - 51: 49. The Company follows the model of Malaysias pilgrims fund and management institution, popularly known as TABUNG HAJJI .It provides Hajj services. Commencement of business, branches and staff: License obtained Operation started Number of Branches Number of Staff 6 September 2006 2 July 2007 2 123
BUSINESS ADDRESSES
Head Office: 72 Dilkusha,(1st floor) C/A Dhaka 1000, Bangladesh Principal Branch: 72 Dilkusha,(1st floor) C/A Dhaka 1000, Bangladesh Baitul Mukarram Masjid Complex Branch: 67 Purana Paltan 2nd Floor North, Baitul Mukarram Masjid Complex Dhaka 1000, Bangladesh.
ORGANOGRAM - HO
Board of Directors
Secretary
Accounts Department
Marketing Department
Branch Operation
Principal Branch
Baitul Mukarram MC Br
Branch Manager
IT Department
DIRECTORS
Janab Kazi Rafiqul Alam Janab K. Ibrahim Khaled
MANAGING DIRECTOR
11
PREAMBLE
Almighty Allah created and provided man with a value system to guide them to a successful life. The companys Vision and Mission Statement embodies its adherence to the Islamic value system.
12
CORE VALUES
The most excellent among man are the God-fearing and righteous ones.
They uphold integrity, professionalism and universal values. They value knowledge, technologies and progress. They care for the society and ecologies. They work as a team and take pride in our work. They value performance-based reward and celebrate meritocracy.
13
VISION
To provide means of savings to Bangladeshi people to facilitate them to perform Hajj in the Holy Land.
To become a premier provider of efficiently organized, hassle-free and comfortable Hajj services.
To become a well organized, well-managed, efficiently-run and financially sound service-oriented Hajj financial institution that is the pride of Bangladeshi people.
14
MISSION
To ensure that the Bangladeshi people can continuously enjoy Hajj services that are affordable, hassle-free and comfortable. To strive for a continuous improvement in the range of financial products and services offered through product, process and method innovation, research and development, human resource development, application of state of the art technologies and stringent quality control and assurance. To strive for a continuous broadening and growth of the company's deposit base and asset portfolio. To ensure that the financial resources of the company are invested efficiently in
Hajj Finance Company Limited 15
MISSION
a well-balanced Shariah-compatible portfolio consistent with optimal risk-reward configurations, both in the financial and real sectors. To strive for a continuous improvement in the knowledge, skills and quality of the company's human resource in line with the ever increasing need for high standard of integrity and professionalism in submission to Allah Almighty. To ensure that the company adapt quickly and efficiently to changing operating environment and new technologie
16
OBJECTIVES
Sustainable healthy growth of the company's deposit base and asset portfolio. Reasonable yearly increase in the number of Bangladeshis going to Hajj at reasonable and affordable costs. Reasonable and competitive returns for both depositors and shareholders. Minimum non-performing asset portfolio. Good industry and customer ratings. To ensure complete adherence to Shariah regulations and the Government's regulatory requirements. Reasonable reward for the company's staff.
17
OUR LOGO
The theme is from Sura Al Baqara : 261 which says: The likeness of those who spend their wealth in the way of Allah is the likeness of a grain (of corn). It grows seven ears and each ear has a hundred grains. Allah gives manifold increase to whomsoever He pleases and Allah is All-Sufficient for His creatures need, All-Knower.
Spending for Hajj is spending in the way of Allah and only Allah knows the reward.
18
SLOGAN
Save For Hajj
MARKETING SLOGAN
19
20
Financing Facilities
Product
Motor Vehicles (Private and Commercial) Financing. Capital Machinery Financing. Working Capital Financing. Properties (Residential and Commercial) Financing. As-Safari Hajj Financing Scheme.
21
Modes
1. ljarah Wa lqtina. 2. Bai-Muajjal. 3. Hire Purchase Shirkatul Melk. 4. Musharaka Mutanaqisa. 5. Murabaha Local Purchase Order. 6. BaiSalam (Coming).
22
Information on the organization of the company, nature of its business, performance and future expansion.
23
ADVERTISEMENT 1
24
2008
250,000,000 125,000,000 (11,531,489)
2009
250,000,000 125,000,000 (14,460,495)
2010
2000,000,000 250,000,000 50,546,433
2011
2000,000,000 500,000,000 106,609,375
360,624
(11,323,050)
(25,825,169)
4,502,691
47,146,441
25
ADVERTISEMENT 2
26
2007
Gross Income Expenditure
Profit Paid to Depositors
Admin. Expenses Others
2008
12,355,020 23,886,509
225,140
21,431,472 2,229,897
2009
27,790,407 32,019,310
4,417,938
26,601,372 1,000,000
2010
50,467,882 42,006,372
12,005,000
28,601,372 1,400,000
2011
83,612,451 51,671,250
19,671,250
30,500,000 1,500,000
17,008,549 16,354,675
43,775
7,670,831 8,640,069
Profit/Loss BT Profit/Loss AT
653,874 359,631
(11,531,489) (11,531,489)
(4,228,903) (4,228,903)
8,461,510 5,076,906
31,341,201 20,761,781
27
FUTURE PLANS
Raise paid-up capital from Taka 250,000,000 (currently) to Taka 500,000,000 by end-2012. To introduce micro-finance (Ar Rahnu), As-Salam Financing and Islamic factoring business. To open branches in major cities: Chittagong, Sylhet, Rajshahi, Khulna and Barisal. To expand Hajj service to send up to 10,000 Hujjaj per season in collaboration with Ministry of Religious Affairs. To venture into Islamic stockbrokerage business. To venture into Islamic investment banking business.
Hajj Finance Company Limited 28
29
END OF PRESENTATION
Thank you for your attention Question and Answer Session
WASSALAMUALAIKUM WBT
30