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Prime Islami Life Insurance Limited (Bangladesh)

Main Activities: Insurance Carriers
Full name: Prime Islami Life Insurance Limited Profile Updated: November 25, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Prime Islami Life Insurance Limited, located in Dhaka, is an Islamic insurance company that was initially incorporated as Prime Life Insurance Company Ltd. in July 2000. It later converted into an Islamic company and changed its name to Prime Islami Life Insurance Ltd. in April 2002. The company has made significant progress in business, product development, and quality management. Their mission is to abide by Shariah principles, build a professional management team, develop innovative products, ensure quality management, and provide excellent customer service. Their vision is to maintain integrity, responsibility, and transparency, and become the best private life insurance company in Bangladesh and Southeast Asia. Their goal is to serve humanity's well-being by providing financial and moral gains through good faith, conduct, trust, sincerity, integrity, and personalized services. The company is committed to providing ethical and high-standard services that uphold Islamic values and follows the ISO 9001:2015 Quality Management System.

Headquarters
Gause Pak Bhaban (13Th Floor), 28/G/1 Toyenbee Circular Road, Motijheel C/A
Dhaka; Dhaka; Postal Code: 1000

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Website: http://www.primeislamilifebd.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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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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63.92%
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36.08%
Subsidiaries
Prime Islami Securities Limited
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
-5.13%
Operating profit (EBIT)
5.01%
Net Profit (Loss) for the Period
5.01%
Total assets
-1.64%
Total equity
107.11%
Net Premiums Earned Trend
0.69%
Net Profit Trend
15.31%
Return on Equity (ROE)
235.29%
Loss Ratio
2.45%
Underwriting Expenses Ratio
-1.19%

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