Mercantile Islami Insurance PLC, previously known as Mercantile Insurance Company Ltd, is a leading Shariah-based general (non-life) insurance company in Bangladesh. Established in 1996 and regulated by the Insurance Development & Regulatory Authority (IDRA), it has grown into a trusted name in the country’s insurance sector. With an authorized capital of Tk. 100.00 Crore and paid-up capital of Tk. 43.10 Crore, the company is publicly listed on the Dhaka Stock Exchange and Chittagong Stock Exchange.
Operating through a nationwide branch network, MIIPLC offers a complete range of Takaful-based insurance products — Fire, Marine, Motor, Travel (OMP), Engineering, Aviation and Miscellaneous — designed around the principles of Islamic Shariah, fairness and prompt claim settlement.
View Company ProfileWho We Are
Mercantile Islami Insurance PLC began its journey in 1996 with a clear purpose: to provide reliable, ethical and Shariah-compliant insurance protection to individuals and businesses across Bangladesh. Following the company’s transition to a fully Islamic (Takaful) model, it was renamed Mercantile Islami Insurance PLC, reflecting its commitment to operating every product and process in line with Islamic principles.
Today the company underwrites a broad portfolio of general insurance — protecting homes, factories, cargo, vehicles, construction projects, travellers and more — while maintaining strong financial discipline and a customer-first claims philosophy. Backed by an experienced Board of Directors and guided by a dedicated Shariah Board, MIIPLC combines professional underwriting with the trust and transparency that policyholders expect.
Our Mission & Values
The principles that guide how we protect what matters most to our customers.
Our Mission
To deliver Shariah-compliant insurance solutions that safeguard people and businesses, with fair pricing and fast, fair claim settlement.
Our Vision
To be the most trusted Takaful-based general insurer in Bangladesh, known for integrity, service quality and financial strength.
Our Values
Shariah compliance, honesty, customer care and accountability sit at the centre of every decision we make.
Why Choose MIIPLC
A combination of trust, compliance and nationwide reach.
Comprehensive Products
Fire, Marine, Motor, Travel, Engineering, Aviation and many corporate insurance solutions under one roof.
Explore productsExperienced Leadership
An experienced Board of Directors and a dedicated Shariah Board ensuring sound, compliant governance.
Meet the boardNationwide Network
Branches across Bangladesh ensuring fast, local claims service and personal support wherever you are.
Find a branchFrequently Asked Questions
What is Mercantile Islami Insurance PLC?
Mercantile Islami Insurance PLC (MIIPLC) is a Shariah-based general (non-life) insurance company in Bangladesh, established in 1996 and regulated by IDRA. It was formerly known as Mercantile Insurance Company Ltd.
Is MIIPLC a Shariah-compliant (Takaful) company?
Yes. All of the company’s products and operations are designed to comply with Islamic Shariah principles, overseen by a dedicated Shariah Board.
What types of insurance does MIIPLC offer?
MIIPLC provides Fire, Marine, Motor, Travel (Overseas Mediclaim/OMP), Engineering, Aviation and other miscellaneous general insurance products for individuals and businesses.
Is MIIPLC listed on the stock exchange?
Yes. Mercantile Islami Insurance PLC is publicly listed on both the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE).
Where is the head office of MIIPLC located?
The head office is located at Red Crescent Bhaban, 61 Motijheel C/A (1st Floor), Dhaka 1000, Bangladesh, with branches across the country.