Bangladesh, March 22 -- The board of directors of Islamic Finance & Investment Ltd. has recommended 10 per cent cash and 4.5 per cent stock dividend for the year ended on December 31, 2018.

The final approval of dividend will come at the annual general meeting (AGM) to be held in Dhaka on May 05, said an official disclosure on Thursday.

The record date for shareholders' entitlement of dividend is April 11.

The non-bank financial institution has also reported earnings per share (EPS) of Tk 1.82 for the year ended on December 31, 2018 as against Tk 1.81 in the previous year.

The net asset value (NAV) per share stood at Tk 14.65 for the year ended on December 31, 2018 as against Tk 14.29 in the previous year.

The net operating cash flow p...