IPDC Finance PLC, one of Bangladesh’s leading non-bank financial institutions (NBFIs), has announced its decision to launch Shariah-compliant financial services through an Islamic finance window. According to a disclosure submitted to the Dhaka Stock Exchange (DSE), the initiative is subject to approval from the relevant regulatory authorities. Once approved, the Islamic finance window will operate alongside the company’s existing conventional business, enabling customers to access both conventional and Shariah-compliant financial solutions.
The move comes amid the continued expansion of Islamic finance in Bangladesh. According to Bangladesh Bank data, as of March 2026, the country had 10 full-fledged Islamic banks operating around 1,700 branches out of a total of 11,422 banking branches. In addition, 17 conventional banks operated 49 Islamic branches, while 21 conventional banks provided Shariah-compliant services through 976 Islamic banking windows, reflecting the growing demand for Islamic financial products and services.
IPDC Finance also reported strong financial performance during the first half of 2026. The company recorded a 37.6% year-on-year increase in net profit after tax, reaching Tk 20.7 crore. The growth was primarily driven by higher net interest income, increased investment earnings, and prudent cost management, according to its financial statements.
Following the announcement, the company’s shares rose by 0.62% to Tk 32.40 on the Dhaka Stock Exchange. As of June 30, 2026, sponsors and directors held 40% of the company’s shares, while the government owned 21.88%. The remaining shares were held by institutional investors, foreign investors, and the general public, according to DSE data.