Islami Bank Bangladesh plans CAPM IBBL fund unit sale as price drops on DSE

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CAPM IBBL fund unit sale

Highlights

Islami Bank Bangladesh plans to sell 20 lakh units of CAPM IBBL Islamic Mutual Fund on the Dhaka Stock Exchange within 30 working days, leading to a 9.46% unit price drop to Tk13.40.
The CAPM IBBL fund posts a net asset value per unit of Tk7.79 at market price and Tk11.35 at cost price, with total net assets at Tk52.11 crore and Tk75.87 crore, respectively.
For the fiscal year ending 30 June 2026, no dividend is declared for the third consecutive year, with earnings per unit at Tk0.35 and negative net operating cash flow per unit at Tk0.12.

Sponsor sale plan and market reaction

As reported by The Business Standard, Islami Bank Bangladesh PLC says it intends to sell 20 lakh units of CAPM IBBL Islamic Mutual Fund from its total holding of 4.45 crore units through the public market of the Dhaka Stock Exchange at prevailing prices within the next 30 working days.

The disclosure is filed with the DSE on 3 November. After the filing, the closed-end mutual fund becomes the top loser on the Dhaka bourse, with its unit price falling 9.46% by the close to Tk13.40.

According to the monthly shareholding report for September, sponsors and directors hold 66.56% of the fund's total units, while institutional investors hold 5.88% and general investors hold the remaining 27.56%. The fund has been listed since 2018 and is managed by CAPM Company Limited.

Fund metrics and payout record

At the close of operations on Monday, the fund reports a net asset value of Tk7.79 per unit based on current market prices and Tk11.35 per unit on a cost-price basis, against a face value of Tk10. Total net assets stand at Tk52.11 crore at market price and Tk75.87 crore at cost price after accounting for assets and liabilities.

For the fiscal year ended 30 June 2026, the trustee board declares no dividend, extending the fund's no-payout streak to a third straight year. For FY26, the fund reports earnings per unit of Tk0.35, net asset value per unit at market price of Tk8.31, net asset value at cost price of Tk11.34, and negative net operating cash flow per unit of Tk0.12.

In the previous fiscal year ended 30 June 2025, the fund reports negative earnings per unit of Tk0.71, net asset value per unit at market price of Tk7.96, net asset value at cost price of Tk11.48, and net operating cash flow per unit of Tk0.64. The latest sponsor sale plan is likely to keep attention on liquidity, pricing and investor sentiment in Bangladesh's listed closed-end fund segment.

Our earlier article on the Centre’s disinvestment programme explained that most proceeds in recent years have come via market-linked routes such as ETFs, public issues and buybacks, while strategic sales have played a much smaller role. It also highlighted how the proposed IDBI Bank stake sale stands out in value terms and could significantly improve the government’s ability to meet its annual divestment target.

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