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Islami Insurance Bangladesh Limited (Bangladesh)

Main Activities: Insurance Carriers and Related Activities
Full name: Islami Insurance Bangladesh Limited Profile Updated: August 02, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Islami Insurance Bangladesh Limited (IIBL) is a general insurance company based on the Islami Shariah. It was registered and established under the Bangladesh Company Act, 1994 and the Bangladesh Insurance Act, 1938 on December 29, 1999. The company started its operations on January 1, 2000. IIBL is the first Islami Non-Life Insurance Company in Bangladesh and aims to comply with Sharjah Principles in all its business transactions and activities. The company offers general insurance products such as fire insurance, marine hull and cargo insurance, aviation insurance, motor insurance, and miscellaneous insurance. It operates in segments including Fire, Marine, Motor, and Miscellaneous. IIBL was founded by Mohammad Khokon and Mohammad Nawab on October 25, 1999 and is headquartered in Dhaka, Bangladesh.

Headquarters
Dr Tower (11Th Floor), Box Culvert Road, 65/2/2 Purana Paltan
Dhaka; Dhaka; Postal Code: 1000

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Website: http://www.islamiinsurance.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:
December 29, 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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Director/Member of the Board
Ownership Details
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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
18.23%
Operating profit (EBIT)
5.76%
Net Profit (Loss) for the Period
11.61%
Total assets
-0.26%
Investments
30.93%
Total equity
7.59%
Net Premiums Earned Trend
N/A
Net Profit Trend
8.23%
Return on Equity (ROE)
0.24%
Loss Ratio
0.36%
Underwriting Expenses Ratio
-22.38%

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