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Takaful Islami Insurance Limited (Bangladesh)

Main Activities: Insurance Carriers and Related Activities
Full name: Takaful Islami Insurance Limited Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Takaful Islami Insurance Limited is an insurance company located in Dhaka, Bangladesh. It was established in 2001 with a capital of 60 million taka, sponsored by a group of businessmen including shipping magnets, doctors, engineers, bankers, top garment exporters, and importers. The company operates in the private sector and conducts insurance business based on Islamic Shariah principles. Takaful Islami Insurance Limited offers a wide range of non-life insurance products, including coverage for fire and allied risks, burglary, machinery breakdown, loss of profit, personal accident, motor insurance, and medical insurance. The company has gained a good reputation in the insurance market within its 14 years of operation.

Headquarters
Monir Tower (7Th, 8Th 9Th Floor), 167/1, D.I.T. Extension Road, Motijheel (Fakirapool)
Dhaka; Dhaka; Postal Code: 1000

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Website: http://www.takaful.com.bd

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:
1999
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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Vice Managing Director
Ownership Details
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57.35%
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42.65%
Subsidiaries
Takaful Islami Securities Limited
99.94%
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
10.93%
Operating profit (EBIT)
-10.63%
Net Profit (Loss) for the Period
-7.07%
Total assets
1.8%
Investments
0%
Total equity
0.87%
Net Premiums Earned Trend
-18.62%
Net Profit Trend
23.74%
Return on Equity (ROE)
-0.5%
Loss Ratio
5.55%
Underwriting Expenses Ratio
3.2%

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