Ansar Financial and Development Corporation Declares Dividend
Toronto, May 16, 2013
Ansar Financial and Development Corporation ("AFDC") announced today that its board of directors has authorized a stock dividend at the rate of a $0.03 cents per share to the shareholders of record as at May 31, 2013. AFDC shares were issued by the company in March of 2010 at a price of $1.00 per share. This is the first time a dividend has been declared by AFDC’s board of directors.
The ex-dividend date is May 28, 2013, while the dividend payment date is June 7, 2013. AFDC’s transfer agent will issue the stock dividend by way of Direct Registration Statements (DRS) to eligible shareholders.
About Ansar Financial and Development Corporation
AFDC is a Canadian real estate corporation which holds properties located in the province of Alberta and provides investors with an opportunity to generate income through investments that comply with Islamic Sharia law as it relates to finance. Unlike many real estate acquisition and development corporations which secure mortgages and/or incur other forms of debt in order to finance their activities, AFDC’s activities are financed solely through capital invested by its beneficial shareholders, thereby avoiding the need to incur debt and pay Sharia law-prohibited interest.
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