Trust Islami Life Insurance Ltd.
DDSE:TILIL44.10
BDT
+0.30
(+0.68%)
ISIN
BD0756TILIL2
Return %
Stock
S&P 500
1Y
-2.65
14.20
3Y
-17.72
81.12
5Y
- -
68.34
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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in mil. unless spec.Company Description
- CEO
- Mohammad Gias Uddin
- Sector
- Finance
- Industry
- Life/Health insurance
- Address
- Dhaka Bangladesh
- IPO Date
- May 11, 2023
- Website
- trustislamilife.com
- Similar Companies
- Business
- Trust Islami Life Insurance Limited is a Bangladesh-based Shariah-compliant life insurance and financial services company. Founded in 2014 and headquartered in Dhaka, Bangladesh, the company operates under Islamic Takaful principles based on Mudarabah (profit-sharing) and mutual risk-sharing frameworks under the supervision of a dedicated Shariah Supervisory Board, delivering interest-free financial security, savings, and protection solutions to individual, commercial, and institutional clients nationwide. The company offers a comprehensive portfolio of insurance and investment products, which includes ordinary life takaful schemes, comprising individual savings, term assurance, and long-term capital accumulation policies; micro-insurance and micro-takaful schemes, offering low-income households monthly micro-savings plans with embedded life coverage and maturity bonuses; child education and protection plans, structured to finance children's educational milestones and provide familial financial security; pension and retirement schemes, providing structured post-retirement income streams and old-age security; group life and health insurance solutions, delivering corporate workforces with group term life, natural and accidental death benefits, permanent total disability (PTD), permanent partial disability (PPD), critical illness coverage, and outpatient medical benefits; and specialized coverage plans, including manpower insurance tailored for overseas Bangladeshi wage earners. Complementary services include digital policy management, automated online premium payment processing, and electronic claims administration. In recent developments, the company completed its initial public offering (IPO) and listed its ordinary shares on the Dhaka Stock Exchange (DSE: TILIL) and the Chittagong Stock Exchange, expanding its public equity base and capital reserves to support underwriting capacity. To enhance operational efficiency and treasury administration, the company entered into a strategic cash management agreement with Mutual Trust Bank PLC. In addition, Trust Islami Life Insurance has broadened its digital transformation initiatives by integrating its policyholder platform with centralized regulatory e-service systems and mobile financial networks, while systematically expanding its branch network and bancassurance distribution channels across Bangladesh.