He Still Lectures In West On Islam


He Still Lectures In West On Islam

Izzat Majeed is an entrepreneur, investor, educationist and poet. His investment company Alyph Limited is a billion dollar company. Izzat Majeed studied in Britain from Oxford University and completed his master’s degree with economics. He started his career as a lecturer at Punjab University. After 7 years as lecturer he resigned from the university. He still lectures in western world on Islam. In 1982 he moved to Saudi Arabia where he served as an advisor to Saudi Arabian minister, his Excellency Hisham Nazer.

After departing advisory to Saudi minister he started an investment company, Alyph Limited in London. Alyph Limited has investment in green field commercial and infrastructural investment projects globally. The carrying on business passions of this company across the world exceeds 1 billion us dollars. In Pakistan Izzat Majeed bought union bank or investment company and sold it to standard chartered bank or investment company then. His curiosity about music especially classical music resulted in the birth of Sachal Music in Lahore.

Our effective tax rate was approximately 25% and 26% for the half a year finished June 30, 2019 and 2018, respectively. Effective income tax rates for interim intervals are based on our current approximated annual rate. Our annual effective income tax rate varies based upon the estimate of taxable income as well as on the mixture of taxable earnings in the many states where we operate. For more info, see Notes 2 and 11 to our unaudited Consolidated Financial Statements contained in Item 1 of this report.

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VOI sales are generally influenced by providing funding to buyers. The ability to sell and/or borrow against records receivable from VOI purchasers has been a critical element in our continuing liquidity. 20.0 million, which primarily relate to developments at the Bluegreen/Big Cedar Vacations resort, development at our Fountains resort in Orlando, Refurbishments and Florida at certain other resorts.

80.0 million loan to BBX Capital. Amounts outstanding carry interest at 6% per annum. Payments appealing are required on a quarterly basis, with all excellent amounts being due and payable at the end of the five-year term of the loan. BBX Capital is permitted to prepay the loan entirely or partly at any time, and prepayments will be required, to the extent necessary, in order for us to remain in compliance with covenants under our outstanding indebtedness.

1.2 million of interest income on the loan to BBX Capital. 2.4 million appealing income on the loan to BBX Capital. 60% of the unpaid principal balance of Non-Conforming Timeshare Loans assigned to agent, through the revolving credit period of the facility. 50.0 million, subject to the terms of the facility. All borrowings outstanding under the facility bear interest at an annual rate equal to the Wall Street Journal (“WSJ”) Prime Rate, subject to a 4.00% floor.

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