Takaful Islami Insurance Ltd

Company Profile

Takaful Islami Insurance Limited was established in 2001. A group of Businessmen who had earlier launched an Islami Bank in the private sector sponsored the company with 60 million taka capital. Sponsors included shipping magnets, Doctors, Engineers, Bankers, Top Garment exporters and Importers.

Takaful Islami Insurance Limited is one of the leading insurance Companies doing insurance business on the basis of Islamic Shariah in the private sector. We have gone into operation in the year 2001 with an initial paid up capital of Tk. 6.00 crore, authorized capital being Tk. 20.00 crore. You will be very glad to know that we have already become the member of the Capital Markets by issuing public shares. At present, authorized capital and paidup capital of the Company are Tk. 100.00 crore and Tk. 34.37 crore respectively. Although we are the third generation Company by this time, within a brief span of 14 years, we have earned quite good reputation in the insurance market as one of the leading service providing Companies.

We insure all traditional lines of non-life insurance businesses viz. – Fire & allied risks including flood, cyclone, earthquake, Typhoon, malicious damage, burglary, riot, strike, damage, house breaking, industrial all risks, DOS, machinery break-down, loss of profit, business interruption, CAR/EAR, personal accident including workmen compensation, motor insurance of all descriptions & value, Travel medical & medical insurance including treatment abroad to name a few broad lines.

At a glance performance of the Company is as follows :

(Taka in Lac)

Title	2014	2013	2012	2011	2010
Gross Premium	3619.84	3331.73	3269.91	2,289.11	2,044.69
Net Premium	2032.54	1834.44	1986.33	1,345.84	1,236.35
Gross Claim	646.92	327.43	768.39	245.06	332.58
Net Claim	187.11	211.39	241.31	131.36	193.71
Outstanding Claim	250.18	159.60	132.02	90.18	109.63
Underwriting Profit/(Loss)	312.88	549.73	506.46	361.87	163.79
Investment Income (TDR/FDR & Bond)	408.80	368.97	328.55	233.87	205.47
TDR	285.45	271.82	249.06	164.50
FDR	79.89	57.02	55.48	47.28
Bonds	30.75	25.54	7.65	7.65
Others	12.71	14.59	16.36	14.44
Investment Income (Shares )	64.15	85.03	94.28	60.71	394.07
Net Profit/(Loss) before Tax	576.28	880.97	820.46	571.46	693.54
Net Profit/(Loss) after Tax	430.89	607.82	584.12	410.68	595.51
Proposed Dividend	368.34	400.37	348.15	337.24	258.75
Fund & Reserve	2459.64	2324.99	2181.12	1,657.53	1,536.92
Investment in TDR/FDR, Shares & Bond	5,650.59	5,485.13	4561.66	3,769.80	3,176.74
TDR	3,368.00	3,395.00	2,696.00	2,238.00
FDR	717.50	630.00	686.00	591.00
Shares	1,315.09	1,210.13	1,089.66	850.80
Bonds	250.00	250.00	90.00	90.00
Cash and Bank Balance	488.89	572.05	525.49	587.24	532.88
Total Assets	7480.99	7201.33	6376.36	5,178.41	4,608.30
Paid-up Capital	3069.51	2669.14	2320.98	1,983.75	1,725.00
EPS	1.40	2.28	2.52	2.07	3.45
EPS (restated)	1.40	1.98	2.19	1.54	2.23
NAV Per Share	16.58	17.45	17.45	17.23	17.33
NAV (restated)	16.58	15.17	15.17	12.81	11.20
Dividend Percentage	12%(B)	15%(B)	15%(B)	17%(B)	15%(B)

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