Takaful Islami Insurance PLC
DDSE:TAKAFULINS46.80
BDT
-0.10
(-0.21%)
ISIN
BD0736TAKII9
Return %
Stock
S&P 500
1Y
32.58
14.20
3Y
7.83
81.12
5Y
-11.36
68.34
Capital Structure
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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
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in mil. unless spec.Company Description
- CEO
- Muhammad Abul Kalam Azad
- Full Time Employees
- 958
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Dhaka Bangladesh
- IPO Date
- Aug 25, 2008
- Website
- takaful.com.bd
- Similar Companies
- Business
- Takaful Islami Insurance PLC is a Bangladesh-based company that provides non-life general insurance products and financial services grounded in Islamic Shariah principles. The company operates through several core business segments, including Fire Insurance, Marine Insurance, Motor Insurance, Engineering Insurance, Health and Accident Insurance, and Miscellaneous Insurance. Its Fire and Property insurance portfolio comprises coverage against fire and allied perils, industrial all risks, hotel owners all risks, business interruption, and power plant operational packages. Its Marine insurance segment offers marine cargo insurance for imports and exports, marine transit, and marine hull insurance for inland and ocean-going vessels. Its Motor insurance policies provide comprehensive and liability protection for commercial vehicles, private vehicles, and two-wheelers. Its Engineering insurance solutions cover machinery breakdown, deterioration of stock in cold storage, electronic equipment, computer data processing systems, boiler and pressure vessel risks, and contractors and erection all risks. Its Health, Accident, and Miscellaneous offerings include personal accident schemes, international travel medical coverage, Hajj and Umrah travel takaful, cash-in-safe, cash-in-transit, burglary, workmen's compensation, fidelity guarantee, public liability, product liability, and credit shield protection. In addition to non-life underwriting, the company provides brokerage and trading services through its subsidiary, Takaful Islami Securities Limited. Incorporated in December 1999 and commencing commercial underwriting in 2001, the company is headquartered in Dhaka, Bangladesh. In recent developments, the company amended its legal corporate name from Takaful Islami Insurance Limited to Takaful Islami Insurance PLC to align with updated statutory company law provisions in Bangladesh. The company has also advanced its digital transformation initiatives by deploying digital service portals for electronic policy issuance, automated claims facilitation, and virtual shareholder engagement under the regulatory framework of the Insurance Development and Regulatory Authority, while maintaining a top-tier AAA credit rating from National Credit Rating Ltd. reflecting strong operational solvency and capital stability.