Company Profile
 

Takaful Islami Insurance Limited was established in 2001. A group of Businessmen who had earlier launched an Islami Bank in the private sector sponsored the company with 60 million taka capital. Sponsors included shipping magnets, Doctors, Engineers, Bankers, Top Garment exporters and Importers.

Takaful Islami Insurance Limited is one of the leading insurance Companies doing insurance business on the basis of Islamic Shariah in the private sector. We have gone into operation in the year 2001 with an initial paid up capital of Tk. 6.00 crore, authorized capital being Tk. 20.00 crore. You will be very glad to know that we have already become the member of the Capital Markets by issuing public shares. At present, authorized capital and paidup capital of the Company are Tk. 100.00 crore and Tk. 34.37 crore respectively. Although we are the third generation Company by this time, within a brief span of 14 years, we have earned quite good reputation in the insurance market as one of the leading service providing Companies.

We insure all traditional lines of non-life insurance businesses viz. – Fire & allied risks including flood, cyclone, earthquake, Typhoon, malicious damage, burglary, riot, strike, damage, house breaking, industrial all risks, DOS, machinery break-down, loss of profit, business interruption, CAR/EAR, personal accident including workmen compensation, motor insurance of all descriptions & value, Travel medical & medical insurance including treatment abroad to name a few broad lines.

At a glance performance of the Company is as follows :

(Taka in Lac)

        

2014

2013

2012

2011

2010

Gross Premium

3619.84

3331.73

3269.91

2,289.11

 2,044.69

Net Premium

2032.54

1834.44

1986.33

1,345.84

 1,236.35

Gross Claim

646.92

327.43

768.39

245.06

    332.58

Net Claim

187.11

211.39

241.31

131.36

    193.71

Outstanding Claim

250.18

159.60

132.02

90.18

    109.63

Underwriting Profit/(Loss)

312.88

549.73

506.46

361.87

    163.79

Investment Income (TDR/FDR & Bond)

       408.80

368.97

328.55

233.87

    205.47

TDR

285.45

271.82

249.06

164.50

 

FDR

79.89

57.02

55.48

47.28

 

Bonds

30.75

25.54

7.65

7.65

 

Others

         12.71

14.59

16.36

14.44

 

Investment Income (Shares )

64.15

85.03

94.28

60.71

394.07

Net Profit/(Loss) before Tax

576.28

880.97

820.46

571.46

    693.54

Net Profit/(Loss) after Tax

430.89

607.82

584.12

   410.68

   595.51

Proposed Dividend

368.34

400.37

348.15

  337.24

258.75

Fund & Reserve

2459.64

2324.99

2181.12

1,657.53

1,536.92

Investment in TDR/FDR, Shares & Bond

5,650.59

5,485.13

4561.66

3,769.80

3,176.74

TDR

   3,368.00

    3,395.00

   2,696.00

2,238.00

 

FDR

      717.50

       630.00

     686.00

   591.00

 

Shares

    1,315.09

    1,210.13

   1,089.66

   850.80

 

Bonds

      250.00

       250.00

        90.00

     90.00

 

Cash and Bank Balance

488.89

572.05

525.49

   587.24

    532.88

Total Assets

7480.99

7201.33

6376.36

5,178.41

4,608.30

Paid-up Capital

3069.51

2669.14

2320.98

1,983.75

 1,725.00

EPS

1.40

2.28

2.52

2.07

3.45

EPS (restated)

     1.40

1.98

2.19

   1.54

        2.23

NAV Per Share

16.58

17.45

17.45

17.23

17.33

NAV (restated)

16.58

15.17

15.17

  12.81

      11.20

Dividend Percentage

12%(B)

15%(B)

15%(B)

17%(B)

15%(B)