Islami Bank Bangladesh (DHA:ISLAMIBANK) Long-Term Capital Lease Obligation : BDT0 Mil (As of Mar. 2023)

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What is Islami Bank Bangladesh Long-Term Capital Lease Obligation?

Islami Bank Bangladesh's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2023 was BDT0 Mil.

Islami Bank Bangladesh Long-Term Capital Lease Obligation Historical Data

The historical data trend for Islami Bank Bangladesh's Long-Term Capital Lease Obligation 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 Long-Term Capital Lease Obligation Chart

Islami Bank Bangladesh Annual Data

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Long-Term Capital Lease Obligation

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Islami Bank Bangladesh Quarterly Data
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Islami Bank Bangladesh (DHA:ISLAMIBANK) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

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Islami Bank Bangladesh (DHA:ISLAMIBANK) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Islami Bank Bangladesh PLC (DHA:ISLAMIBANK) » Definitions » Long-Term Capital Lease Obligation

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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