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Fareast Islami Life Insurance Company Limited (Bangladesh)

Main Activities: Insurance Carriers and Related Activities
Full name: Fareast Islami Life Insurance Company Limited Profile Updated: August 10, 2023
Buy our report for this company USD 19.99 Most recent financial data: 2020 Available in: English Download a sample report

The Company is a premier Islamic life insurance Company in Bangladesh.
The Company was established and commenced operations on May 29, 2000.
The Company was listed on both Dhaka Stock Exchange Ltd. and Chittagong Stock Exchange Ltd on July 18, 2005.

Headquarters
Fareast Tower, 35, Topkhana Road, Purana Paltan
Dhaka; Dhaka; Postal Code: 1000

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Website: http://www.fareastislamilife.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
2000
Key Executives
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Chairman
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Chief Executive Officer
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Chief Financial Officer
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Vice Chairman
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Director/Member of the Board
Ownership Details
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41.02%
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32.56%
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25.3%
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1.12%
Subsidiaries
Fareast Islami Properties Ltd.
Fareast Islami Securities Ltd.
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BDT. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-15.69%
Operating profit (EBIT)
-499.4%
Net Profit (Loss) for the Period
-507.45%
Total assets
-4.94%
Investments
-0.99%
Total equity
0.41%
Net Premiums Earned Trend
-0.8%
Net Profit Trend
N/A
Return on Equity (ROE)
-387.29%
Loss Ratio
-64.75%
Underwriting Expenses Ratio
-2.28%

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