|
March 29, 2010
Assalamu Alaikum
Alhamdulillah, thanks to God, we are very excited and happy to share this good news with you that, with your full support and help, ANSAR FINANCIAL AND DEVELOPMENT CORPORATION (AFDC) sold $14.6 Million. This amount is closed to the Maximum Offering of $15 Million by the deadline of March 29, 2010 pursuant to the Prospectus. With your support we had reached our Minimum Offering amount of $11.85 as of February 5, 2010, within less than 5 weeks of our offering to the public; indeed a remarkable achievement, Alhamdulillah.
We are now reviewing various investments options in the real estate and land development projects. We are also working towards the formation of the Ethics/Sharia Advisory Committee that we had incorporated in Section 9 of the By-Laws.
Our shareholders will receive their share certificates issued by our Transfer Agency, EQUITY TRANSFER & TRUST COMPANY, soon insha’ Allah, God Willing. Our RRSP plan holders will not receive their share certificates as those will be mailed to Concentra Trust to be held in their RRSP trust accounts. Please make one or two copies of your share certificates and keep the original in a safe place from where you can easily retrieve when needed.
Please note, EQUITY will charge $65 to replace a lost or missing certificate. If you do not receive your share certificates by April 30, 2010, please inform us so we can follow up for you. It is extremely important for you to inform us and EQUITY about any changes in your address, e-mail and telephone numbers by using SHAREHOLDERS INFORMATION FORM that can be downloaded from the AFDC website.
Please pray to Allah Subhanahu Wa'Tala that He grants us more and continued successes in this new and daring turnaround in our operations to establish Riba-Free Financial System for us.
Thank You,
 |
|
 |
|
Pervez Nasim
Chairman and CEO |
|
Mohammed Jalaluddin
President |
|
