DBH Finance to launch Islamic finance window

Business Desk :
DBH Finance PLC, one of the country’s leading and specialized housing finance institutions, received the final approval from Bangladesh Bank to launch its Islamic financing wing.
According to a statement on Thursday, the non-bank financial institution will introduce Shariah-based products and services from all of its 14 branches located in major cities throughout the country.
The operation of the Shariah-compliant business will run simultaneously with existing operations.
DBH Finance, formally known as Delta Brac Housing Finance Corporation, is exclusively focused on home loans and has a good track record for paying handsome dividends every year among the listed non-bank financial institutions.The company declared 15% cash and 2% stock dividends for 2022. DBH Finance has made a profit of Tk102 crore in 2022, down slightly from Tk104 crore in 2021. The company has a solid capital adequacy ratio (CAR) of 28.37% and return on equity (ROE) stands at 13.34% as on December 2022.