Baraka Securities Limited (BSL)
Baraka Securities Limited (BSL) was incorporated in Bangladesh on March 11, 2021 as a Private Limited Company having its registered office at 6/A/1, Segunbagicha, Dhaka-1000.
Baraka Securities Limited is a 51% subsidiary of Baraka Patenga Power Limited (BPPL). The principal activities of the Company are to carry on the business of brokerage services as Trading right Entitlement Certificate (TREC) holder to do buy & sale of shares, securities, bonds, debentures along with dealer trading.
On March 28, 2021, the Company applied to the Dhaka Stock Exchange Limited for a new Trading Right Entitlement Certificate (TREC). As such, on May 30, 2021, the Dhaka Stock Exchange Limited approved the Company via letter with the number DSE/COM/TAD/LTR / Approval New TREC / 2021 / 1010-3259. On September 1, 2021, Baraka Securities Limited received the TREC, which was formally transferred to the Company on September 4, 2021. The company has the Trading Right Entitlement Certificate Number Registration/DSE/TREC # 274/2021/301.
Presently the Company obtained Broker-Dealer license from the Bangladesh Securities and Exchange Commission (BSEC). Simultaneously, BSL has set up its Head Office at Motijheel and Key Manpower recruitment activities have been completed and in well functioned. Upon completing all regulatory activities, Baraka Securities Limited has started its commercial operation on 11th April, 2022.
After beginning operations, the company has been actively seeking new possible Business Portfolios for growth. The company's growth is steadily accelerating and the management has made every effort to spread commercial operations so that owners, investors and stakeholders can profit generously from the organization.
Company’s Operation in Brief
The operating activities of the company include the brokerage functions; dealer activities of the company’s own portfolio is also in place. Baraka Securities Limited (BSL) follow all rules & regulations of Bangladesh Securities and Exchange Commission (BSEC), Dhaka Stock Exchange (DSE), Central Depository Bangladesh Participant (CDBL) and Bangladesh Bank (BB) because it is a TREC holder company of DSE licensed by BSEC. The Company is additionally subject to regulation under national institutional and legal frameworks that cover all facets of stock broking operations, including business practices, record-keeping, use and storage of client funds and securities, capital structure, and conduct of directors, officers and staff.
As a service provider, the Company is able to establish credibility and a solid reputation in the market and has tried to have a significant impact on the beliefs and actions of both internal and external stakeholders. The Company has established strong IT infrastructure and human resource recruitment in order to expand brokerage services and depository participation operations to other parts of the nation.
The Company has distinguished itself with its own financial strength and operational effectiveness and is now well known for its superior service delivery, accountability and openness. The Company has been making persistent efforts for the benefit and well-being of all of its stakeholders with a constant focus on developing effective strategies, setting priorities, controlling risks and expenses, and having a qualified and experienced team of people working together with business ethics. The company has been doing business with many institutional investors including High Net Worth Individuals (HNIs) and fostering and creating strong corporate relationships with them.