Northern Islami Insurance PLC
DDSE:NORTHRNINS33.20
BDT
+0.40
(+1.22%)
ISIN
BD0737NGIC03
Return %
Stock
S&P 500
1Y
11.02
14.20
3Y
-33.35
81.12
5Y
-32.70
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Chowdhury Golam Faruque
- Full Time Employees
- 349
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- Dhaka Bangladesh
- IPO Date
- Sep 14, 2008
- Website
- niil.com.bd
- Similar Companies
- Business
- Northern Islami Insurance PLC provides non-life (general) insurance and takaful solutions to individual, commercial, and industrial clients in Bangladesh. The company operates across several key insurance segments: Fire Insurance, Marine Insurance, Motor Insurance, Engineering Insurance, Health Insurance, and Miscellaneous Insurance. Its product and service portfolio includes Fire Insurance, covering standard fire and allied perils, industrial all risks (IAR), property damage all risks, and fire consequential loss; Marine Insurance, comprising marine cargo coverage for imports, exports, and inland transit, as well as marine hull and total loss only (TLO) policies; Motor Insurance, offering comprehensive and liability protection for private passenger cars, commercial vehicle fleets, trucks, buses, and two-wheelers against accidental collision, theft, fire, and third-party liabilities; Engineering Insurance, encompassing contractor's all risks (CAR), erection all risks (EAR), machinery breakdown (MBD), boiler and pressure vessel explosion, electronic equipment insurance (EEI), and deterioration of stock; Health Insurance, providing corporate group medical plans and individual health coverage; and Miscellaneous Insurance, encompassing burglary and housebreaking, cash-in-safe, cash-in-transit, cash-on-counter, fidelity guarantee, personal accident, group personal accident, workmen's compensation, and public liability covers. Founded in April 1996 and headquartered in Dhaka, Bangladesh, the company distributes its underwriting solutions nationwide through a branch network spanning major commercial hubs across the country. Formerly known as Northern General Insurance Company Limited, the firm completed a major strategic and organizational restructuring by transitioning from conventional non-life underwriting to a fully Shariah-compliant Islamic insurance (non-life takaful) model under the supervision of a central Shariah Council, subsequently rebranding to Northern Islami Insurance PLC. In recent developments, the company has updated its corporate governance structure, modernized branch operations, expanded Shariah-compliant micro and retail insurance offerings, upgraded digital policy issuance and claims processing infrastructure, and maintained standard listing compliance across the Dhaka Stock Exchange and Chittagong Stock Exchange.