Head Office:
Rupayan Taj (2nd Floor)
1, 1/1, Naya Paltan
Dhaka-1000, Bangladesh
Phone:
Direct- 8317353
PABX- 8317320, 8317671, 8317737
Fax: 880-2-9331032
E-mail:
islamiinsurance@gmail.com
Company Profile
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 14-Member Board of Directors of the Company comprises 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. For <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 an expert in the Insurance Sector having 45 years’ working experience in the line. For <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. For <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
Capital formation of the Company is as follows:
Authorised Capital : Tk. 250 million
Paid-up Capital : Tk. 150 million
(40 per cent i.e. Tk. 60 million subscribed by the Sponsor Directors and the rest 60 per cent i.e. Tk. 90 million collected from the public share).Business Performance
Business performance of the Company is quite satisfactory having increasing trend.
Settlement of Claims
The motto of the Company is to settle the claims as promptly as possible. During the past years upto 2008 the Company settled claims of the clients amounting over Tk. 182 million.
Credit Rating
The Credit Rating Information and Services Ltd. (CRISL) has graded our Company rating claim paying ability to BBB+ (Triple ‘B’ Plus) which is highest Rating among the Third Generation Insurance Companies with high claim paying ability.
