Mercantile Islami Insurance PLC

Mercantile Islami Insurance PLC is a leading non-life (general) insurance company in Bangladesh, established on May 5, 1996. It was formerly known as Mercantile Insurance Company Ltd and later adopted its current name to operate under Islamic principles. The company’s head office is located at Red Crescent House, Motijheel, Dhaka. It is a public limited company, listed on both the Dhaka and Chittagong Stock Exchanges.

The company provides a wide range of insurance services including Fire, Marine, Motor, Engineering, and Miscellaneous insurance. Its authorized capital is Tk. 100 crore, and paid-up capital is Tk. 43.10 crore. It maintains a credit rating of “AA” (long-term) and “AR-2” (short-term) with a stable outlook.

Financially, Mercantile Islami Insurance reported around Tk. 495 million in revenue and Tk. 83 million net income, offering a 10% cash dividend in 2024. The company emphasizes transparency, sound corporate governance, and Shariah-compliant operations. Despite market competition and claim-related risks, it remains a stable and trusted insurer in Bangladesh’s general insurance sector.