Padma Islami Life Insurance Ltd.
DDSE:PADMALIFE15.20
BDT
+0.50
(+3.40%)
ISIN
BD0745PILIF5
Return %
Stock
S&P 500
1Y
-14.12
13.14
3Y
-63.11
80.78
5Y
-67.86
67.74
Capital Structure
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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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- CEO
- Mohammad Morshed A Siddiqui
- Sector
- Finance
- Industry
- Life/Health insurance
- Address
- Dhaka Bangladesh
- IPO Date
- Jan 22, 2012
- Website
- padmaislamilife.com
- Similar Companies
- Business
- Padma Islami Life Insurance Limited is a Bangladesh-based Shariah-compliant life insurance company that provides a comprehensive range of Islamic life insurance (Takaful), micro-insurance, and health protection solutions to individual, retail, and corporate clients throughout Bangladesh. Founded in 2000 as Padma Life Insurance Co. Ltd. and rebranded in 2010 to reflect its dedication to Islamic financial principles, the company is headquartered in Dhaka, Bangladesh, and maintains a domestic distribution network of zonal, divisional, and branch offices. The company structures its offerings across multiple specialized product categories and policy types, including Ekok Bima (individual life insurance policies encompassing traditional endowment, multi-stage anticipated endowment, whole life, and child education and marriage protection schemes); Khudra Bima (micro-Takaful policies tailored for low-income individuals and rural populations); Group Takaful (group term life, group medical, hospitalization, and gratuity coverage for corporate and institutional employers); Islami Sanchayee Bima Prokalpa (savings-oriented life insurance products); Islamic Pension and Deposit schemes (including the Pension Deposit Protection Scheme); dedicated Shariah plans such as Takwah Insurance, Al-Insaf Insurance, Al-Amanah Insurance, and Baitul Mal Insurance; the Padma Smart Life Policy; and supplementary riders providing financial compensation for critical illness, accidental death, and permanent total disability. In recent years, the company has undertaken major operational and financial restructuring measures under the supervision of the Insurance Development and Regulatory Authority (IDRA) to address liquidity challenges, manage life fund deficits, and resolve outstanding policyholder claim liabilities. Recent corporate actions and strategic developments include participating in regulatory-led phased claim disbursement initiatives; initiating the divestment and liquidation of non-core immovable assets, including commercial floor space and land parcels in Dhaka, Chattogram, and Cumilla, to fund claim settlements; undergoing specialized financial audits and regulatory oversight concerning historical shareholding associations with the S Alam Group; and implementing operational realignments focused on digital premium collection integration, policy regularizations, branch network optimization, and capital rehabilitation under Dhaka Stock Exchange monitoring frameworks.