Northern Islami Insurance PLC.

Northern Islami Insurance Ltd., established on April 8, 1996, is a prominent general insurance company in Bangladesh. It operates under the companies act of 1994 and is licensed under the Insurance Act of 1938 for all general insurance businesses, excluding life insurance. With an authorized and paid-up capital of Tk. 2500 million and Tk. 60 million, respectively, it commenced business on the same day it was incorporated. On May 25, 1996, the company registered with the Department of Insurance with the motto "A key to Protection." To align with Islamic principles, an Extra Ordinary General Meeting on October 14, 2019, approved changes in the Memorandum and Articles of Association, including the provision for a Shariah Council. Following this, the company obtained the necessary permissions for operating based on Islami Shariah and changed its name from Northern General Insurance Co. Ltd. to Northern Islami Insurance Limited, approved by the Insurance Development & Regulatory Authority (IDRA) and Registrar of Joint Stock Companies & Firms (RJSC). The Shariah Council was formed, and the company commenced its insurance business on Islami Shariah principles in December 2019.