You are on page 1of 30

American International University(AIUB)

COURSE TITLE: Financial Market & Institutions COURSE CODE: 01143

GROUP NO: 2 PROGRAM: MBA Section: A


COURSE TEACHER: AZAM, SHAFIUL

WELLCOME TO OUR PRESENTATION

Hajj Finance Company Ltd. (HFCL)


Prepared By..
Md. Sohel Rana Md. Saiful Hasan Riju Md. Rahat Chowdhury ID: 11-94857-2 ID: 10-94203-3 ID:

Hajj Finance Company Limited

Hajj Finance Company Ltd

Introduction

Hajj Finance Company Limited

Hajj Finance Company Ltd


HFCL is a Shariah-based non-banking financial institution, It obtained its license in September 2006 The company is jointly owned by Malaysian-Kuwaiti interest and Dhaka Ahsania Mission (DAM), a highly regarded NGO in Bangladesh.

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.

Hajj Finance Company Limited

History of the company

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

Hajj Finance Company Limited

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.

Hajj Finance Company Limited

ORGANOGRAM - HO
Board of Directors
Secretary

Shariah Council Executive Committee Management Com.

Managing Director DMD

HR & Admin Department

Accounts Department

Financing & Investment Department

Information Technology Department

Marketing Department

Branch Operation

Principal Branch

Baitul Mukarram MC Br

Hajj Finance Company Limited

ORGANOGRAM PB AND BMMC

Branch Manager

Assistant Branch Manager

Accounts & Admin.

IT Department

Deposits & Investment

Hajj Information & Services

Hajj Finance Company Limited

Hajj Finance Company Ltd


CHAIRMAN

Janab Barrister Rafique-Ul- Huq


Hajj Finance Company Limited

DIRECTORS
Janab Kazi Rafiqul Alam Janab K. Ibrahim Khaled

Janab Shazali Shauf


Janab Md. Lakiotullah

Janab M. Ehsanur - Rahman

Janab Ahmed Al-Sadar

MANAGING DIRECTOR

VISION AND MISSION STATEMENT


Preamble Core Values Vision Mission Objective Our Logo Color of our Logo Slogan

Hajj Finance Company Limited

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.

Hajj Finance Company Limited

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.

Hajj Finance Company Limited

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.

Hajj Finance Company Limited

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

Hajj Finance Company Limited

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.

Hajj Finance Company Limited

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.

Hajj Finance Company Limited

18

SLOGAN
Save For Hajj

MARKETING SLOGAN

Labbaik Allahumma Labbaik


(Here come your servant abiding Your call, Oh Allah, here come Your servant abiding Your call)

Hajj Finance Company Limited

19

Product & Services


Deposit
1. Al-Wadiah Hajj Savings Account (AWHSA). 2. Monthly Installment Mudaraba Hajj Term Deposit (Ml-MHTD).

3. OneTime Mudaraba HajjTerm Deposit (OT-MHTD).


a. Hajj Development Mudaraba Term Deposit (HD-MTD). 5. Mudaraba Profit Withdrawal Term Deposit (MPWTD).

6. Mudaraba Pension Deposit Scheme (MPDS).


7. Mudaraba Term Deposit (MTD)

Hajj Finance Company Limited

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.

As-Safari Umrah Financing Scheme (Coming

Hajj Finance Company Limited

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).

Hajj Finance Company Limited

22

BUSINESS OPERATION AND PERFORMANCE

Information on the organization of the company, nature of its business, performance and future expansion.

Hajj Finance Company Limited

23

ADVERTISEMENT 1

Hajj Finance Company Limited

24

ASSETS AND LIABILITIES (Taka), 2007 -2011


2007
Authorized Capital Paid-up Capital Profit/Loss during the year BT Accumulated Profit/Loss AT and Reserve Shareholders Fund Financing OS Deposits OS Total Assets/Liab. 250,000,000 125,000,000 653,874

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

125,360,624 1,795,038 130,458,265

113,808,086 5,737,816 4,767,659 122,514,176

133,760,253 243,529,532 305,315,665 447,818,427

504,633,827 728,207,800 453,512,500 992,396,393

568,599,452 1,292,437,600 963,400,000 2,359,376,768

Hajj Finance Company Limited

25

ADVERTISEMENT 2

Hajj Finance Company Limited

26

PROFIT & LOSS ACCOUNT (in Taka), 2007 -2011

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

Hajj Finance Company Limited

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

IPO AND PUBLIC LISTING


2011
To issue shares to the public and list the company in Dhaka Stock Exchange. Number of shares to offer - 50,000,000 units (par value Taka 10 per share).

Hajj Finance Company Limited

29

END OF PRESENTATION
Thank you for your attention Question and Answer Session

WASSALAMUALAIKUM WBT

Hajj Finance Company Limited

30