Annual Report 2016 of Takaful Islami Insurance Limited

It is a broadly described annual report of Takaful Islami Insurance Limited in the year of 2016. The Company earned the gross premium of Tk. 3,854.24 Lac during the year as against Tk. 3,339.46 Lac in the previous year registering a growth of 15.42% over the last year. In the year of 2016, The Company has settled 122 numbers of claims for Tk. 382.43 Lac on account of Fire, Marine, Motor and Miscellaneous insurance business. The Company’s income from investment and other income stood Tk. 427.55 Lac against Tk. 505.59 Lac earned in the previous year. After taking into account the underwriting profit of Tk. 364.79 Lac and providing for various expenses not applicable to any particular fund or account, net profit before taxation came at Tk. 638.40 Lac against Tk. 715.46 Lac in the previous year.

The Board of Directors of the Company has recommended @5% Cash and @5% Stock Dividend for the year ended 31^st December 2016. 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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