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::: Company Profile :::

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Islami Insurance Bangladesh Limited (IIBL), the first General Insurance (Takaful) Company based on the Islami Shariah was registered and established under the Bangladesh Company Act, 1994 and the Bangladesh Insurance Act, 1938 on 29th December, 1999 to transact all sorts of general Takaful business. The Company started functioning from 1st January, 2000.

Board of Directors The Board of Directors of the Company comprises of well-known industrialists and reputed personalities drawn from different walks of professions and vocations. The members are dedicated to the cause of Islam and are committed to build up an Islamic Insurance Institution worth of its name. <Details> Management The Company is staffed by very experienced and technically qualified personnel poised to offer the best of protection and services to its valued clients. The Company is also fully equipped to provide prompt and efficient service by rendering expert advice to its clients in planning their insurance programmes on most economic and competitive terms consistent with safety and security. The Managing Director of the Company is associated in the Insurance Sector over 30 years. <Details> Shariah Council In an Islamic Insurance Company, there must be a Shariah Council/Committee generally composed of renowned Ulemas, Shariah experts and insurance experts. IIBL has an eight-member Shariah Council (Shariah Advisory Board) constituted with eminent Islamic scholars, Shariah experts and Legal experts for supervising the affairs/functions of the company in the light of Shariah. <Details> Collaboration with Takaful Malaysia The Company has adopted the model of Syarikat Takaful Malaysia and is planning to establish business, technical and investment collaboration with this biggest Islamic Insurance Company in the world. Capital Authorised Capital : Tk. 1000 million Paid-up Capital : Tk. 374.23 million.

Assets of the Company The total Assets of the Company as on 31st December, 2020 is Tk. 1,378.63 million and the investment upto 31st December, 2020 is Tk. 729.73 million. Business Performance Business performance of the Company is quite satisfactory having increasing trend. Dividend Yearwise dividend declared for last 5 years are as follows: 10% Stock Dividend for Year 2016 5% Cash & 5% Stock Dividend for Year 2017 10% Cash Dividend for Year 2018 5% Cash & 5% Stock Dividend for Year 2019 10% Stock Dividend for Year 2020 Settlement of Claims The motto of the Company is to settle the claims as promptly as possible. During the last five years from 2016 to 2020 the Company settled claims of the clients amounting over Tk. 245.89 million. Credit Rating The ARGUS Credit Rating Services Limited ("ACRSL") has graded our Company to "AA" in the long term rating and "ST-2" rating in the short term rating. <Details> Key and Corporate Information Details on key and corporation information ... <Details>