Islami Insurance’s H1 profit rises 30%

Meanwhile, Islami Insurance is facing a regulatory investigation over corporate governance allegations made by six former sponsor directors against Chairman Mohammad Sayeed Khokon.

Islami Insurance Bangladesh Limited’s earnings per share (EPS) rose 30.38% year-on-year in the first half of 2026, while its operating cash flow also improved significantly.

According to unaudited financial statements disclosed on the Dhaka Stock Exchange (DSE), the insurer’s net profit increased to Tk8.48 crore in January-June 2026, from Tk6.50 crore a year earlier. EPS rose to Tk2.06 from Tk1.58

In the April-June quarter, Islami Insurance posted a net profit of Tk4.28 crore, compared with Tk3.21 crore in the same quarter of the previous year

NOCFPS surged to Tk2.72 in the first six months, from Tk1.06 in the same period last year.

The company’s net asset value (NAV) per share stood at Tk25.75 as of 30 June, up from Tk23.62 at the end of December 2025, an increase of Tk2.13, or about 9%.

Following the earnings disclosure, the company’s share price fell 2.90% today (9 August) to close at Tk63.70 on the DSE.

The stock had surged around 86% between March and June, despite the company saying it had no undisclosed price-sensitive information (PSI) behind the unusual price movement.

Meanwhile, Islami Insurance is facing a regulatory investigation over corporate governance allegations made by six former sponsor directors against Chairman Mohammad Sayeed Khokon.

The former directors alleged that Khokon has been running the company from an undisclosed location while retaining financial and administrative authority.

They also alleged that after he became chairman in 2012, the six former sponsor directors were removed from the board without legitimate reasons and replaced by his wife, two daughters, sister-in-law and two companies owned by him.

According to the complainants, family-affiliated directors now number 10 and collectively control around 30.35% of the company’s paid-up capital.

They alleged that the family-centric ownership and management structure violates provisions of the Companies Act, Insurance Act and securities laws.

The Bangladesh Securities and Exchange Commission (BSEC) has formed a four-member committee to investigate the allegations, review relevant documents and gather evidence before submitting a report.

The allegations have not been established by the regulator, and the investigation is ongoing.

Source: The Business Standard