Annual Report 2014 of Islami Insurance Bangladesh Limited

It is a broadly described annual report of Islami Insurance Bangladesh Limited in the year of 2014. Provision for current Income Tax has been made @42.5% as prescribed in Finance Act, 2014 on the taxable income for the year. During the year, the company’s Total Assets Taka. 764.20 million. Total Reserve Fund Taka. 61.27 million. During the financial year, The Company’s Gross Premium Income Taka. 362.75 million. Net Premium Income Taka. 274.06 million. Net Profit before tax Taka. 81.86 million. Paid-up Capital Taka. 255.02 million. Net Profit after tax for the year Taka. 51.94 million.

The board of directors recommended at its meeting no 170 held on 07/05/2015 dividend @5% cash dividend and @10% stock dividend (aggregating @15% dividend) for the year ended 31^st December 2014 which will be considered for approval by the shareholders at the 15^th Annual General Meeting. These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is the company’s functional currency. All financial information presented in Taka has been rounded off to the nearest Taka.

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