Islami Bank Bangladesh (DHA:ISLAMIBANK) Effective Interest Rate on Debt % : 0.00% (As of Mar. 2023)

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What is Islami Bank Bangladesh Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Islami Bank Bangladesh's annualized positive value of Interest Expense for the quarter that ended in Mar. 2023 was BDT0 Mil. Islami Bank Bangladesh's average total debt for the quarter that ended in Mar. 2023 was BDT63,344 Mil. Therefore, Islami Bank Bangladesh's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 was 0.00%.

Islami Bank Bangladesh Effective Interest Rate on Debt % Historical Data

The historical data trend for Islami Bank Bangladesh's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Islami Bank Bangladesh Effective Interest Rate on Debt % Chart

Islami Bank Bangladesh Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Effective Interest Rate on Debt %

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0.12

0.09

Islami Bank Bangladesh Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
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Competitive Comparison of Islami Bank Bangladesh's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, Islami Bank Bangladesh's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Islami Bank Bangladesh's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Islami Bank Bangladesh's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Islami Bank Bangladesh's Effective Interest Rate on Debt % falls into.

Islami Bank Bangladesh Effective Interest Rate on Debt % Calculation

Islami Bank Bangladesh's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2022 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2021 )	+	Total Debt (A: Dec. 2022 ))	/ count )
=	-1 * -76.877	/	( (77053.1	+	86876.658)	/ 2 )
=	-1 * -76.877	/	81964.879
=	0.09 %

where

	Total Debt (A: Dec. 2021 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	77053.1	+	0
=	77053.1

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	86876.658	+	0
=	86876.658

Islami Bank Bangladesh's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2022 )	+	Total Debt (Q: Mar. 2023 ))	/ count )
=	-1 * 0	/	( (86876.658	+	39811.047)	/ 2 )
=	-1 * 0	/	63343.8525
=	0.00 %

where

	Total Debt (Q: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	86876.658	+	0
=	86876.658

	Total Debt (Q: Mar. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	39811.047	+	0
=	39811.047

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Islami Bank Bangladesh (DHA:ISLAMIBANK) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Islami Bank Bangladesh Effective Interest Rate on Debt % Related Terms

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Islami Bank Bangladesh (DHA:ISLAMIBANK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Islami Bank Bangladesh PLC (DHA:ISLAMIBANK) » Definitions » Effective Interest Rate on Debt %

Traded in Other Exchanges

N/A

Address

Islami Bank Tower, 40, Dilkusha Commercial Area, Dhaka, BGD, 1000

Website

https://www.islamibankbd.com

Islami Bank Bangladesh PLC is engaged in commercial banking business based on Islamic Shariah. The company product and services categories include Deposit; Investment; NRB(Non-Resident Bangladeshi) Entrepreneurs Services; SME Information; Locker Service and Offshore Banking Units (OBU). The Bank conducts its business on the Shari'ah principle of Mudaraba, Musharaka, Bai-Murabaha, Bai-Muajjal, Hire Purchase under Shirkatul Melk, Bai-Salam, Bai-as-Sarf and Ujarah etc.

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