Fareast Islami Life Insurance Company Limited
DDSE:FAREASTLIF16.40
BDT
-0.20
(-1.20%)
ISIN
BD0725FILCL9
Return %
Stock
S&P 500
1Y
-34.40
14.20
3Y
-78.13
81.12
5Y
-73.51
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Mohammed Apel Mahmud
- Sector
- Finance
- Industry
- Life/Health insurance
- Address
- Dhaka Bangladesh
- IPO Date
- May 7, 2005
- Website
- fareastislamilife.com
- Similar Companies
- Business
- Fareast Islami Life Insurance Company Limited is a Bangladesh-based Islamic life insurance provider that offers Shariah-compliant life insurance (Takaful) and financial solutions to retail, corporate, and rural clients. The company operates primarily in the life insurance and securities brokerage sectors, delivering a broad array of Takaful solutions. Its product portfolio encompasses individual Takaful policies, including standard endowment assurance, three-payment anticipated endowment, four-payment anticipated endowment, single premium plans, pension schemes, Hajj insurance, Mohorana and Kabin Takaful, child education and protection plans, and joint life coverage; micro-takaful and rural insurance products, including Sarbojanin Bima and Gono Bima schemes tailored for low-income and underserved demographics; and group insurance products, comprising group term life, group hospitalization and medical coverage, group accidental death and disability (ADD), and group critical illness protection. In addition, the company provides supplementary rider benefits, such as accidental death benefits and disability waivers of premium, as well as Shariah-compliant fund management and investment services. The company conducts its operations across Bangladesh through a comprehensive nationwide network of divisional, regional, and service centers. Through its subsidiary, Fareast Islami Securities Limited, the company also provides stock brokerage and capital market intermediary services. In recent developments, the company underwent a major board and management reconstitution under the oversight of the Bangladesh Securities and Exchange Commission (BSEC) and the Insurance Development and Regulatory Authority (IDRA) to reinforce corporate governance, enhance financial stability, and restore policyholder fund solvency. Concurrently, the company implemented strategic initiatives focused on expediting pending insurance claim settlements, integrating mobile financial service channels and online portals for premium payments, and rationalizing its branch network to improve operational efficiency. Fareast Islami Life Insurance Company Limited was incorporated in 2000 and is headquartered in Dhaka, Bangladesh.