Head Office Address
The main office of Fareast Islami Life Insurance Company Limited is situated at 12/1, 3rd Floor, Fareast Complex, Dhaka-1212, Bangladesh.
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Company Background
Founded in 2010, Fareast Islami is a Shariah-compliant life insurance provider operating under the regulatory framework of the Bangladesh Insurance Development and Regulatory Authority (IDRA). The company offers a range of products including term life, endowment, and savings plans tailored to meet Islamic finance principles.
Regulatory Status
Fareast Islami holds an active license from IDRA and is listed on the Dhaka Stock Exchange (DSE) under the ticker FISL. Its compliance with Shariah principles is overseen by an independent Shariah Board approved by IDRA.
Product Portfolio
Key offerings include:
- Fareast Term Life Plan – pure risk coverage
- Fareast Endowment Plan – savings plus protection
- Fareast Savings Plan – long‑term wealth building
Financial Highlights
Below is a snapshot of recent financial data (FY 2022):
| Metric | Value | Context |
|---|---|---|
| Premium Income | BDT 1.2 bn | Annual revenue from policy premiums |
| Profit After Tax | BDT 180 m | Net earnings for FY 2022 |
| Policyholders | 35,000+ | Active customer base |
Corporate Governance
The board comprises seasoned professionals from the insurance and banking sectors. The Shariah Board ensures all products adhere to Islamic jurisprudence.
Customer Support and Accessibility
Head office provides a dedicated customer service desk, while online portals and mobile apps allow policyholders to manage accounts, file claims, and access documents.