STAR BUSINESS REPORT

Al-Arafah Islami Bank Ltd made a Tk 207.66 crore profit in the financial year that ended on December 31.

It was slightly down from the Tk 208.72 crore profit the Shariah-based bank made in 2021.

Al-Arafah Islami Bank, thus, reported consolidated earnings per share of Tk 1.95 for 2022 compared to Tk 1.96 a year earlier.

Consolidated net asset value per share rose slightly to Tk 22.75 in the last financial year from Tk 22.73 in 2021 while the consolidated net operating cash flow per share returned to a positive territory of Tk 10.28 from a negative Tk 9.21 during the period.

The board of directors has recommended a 12 per cent cash and a 3 per cent stock dividend for 2022, according to a filing on the Dhaka Stock Exchange.

Shares of Al-Arafah Islami Bank closed 0.81 per cent higher at Tk 25 on Wednesday.