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Express Insurance LTD EIL.DS

EIL.DS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: February 06, 2024

Report Source: 2023 2nd Quarter Report

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Express Insurance LTD. Stock Analysis EIL.DS

Bangladesh Financials Nano Cap Report:
Express Insurance Ltd. engages in the business of carrying all kinds of insurance, guarantee, and indemnity business other than life insurance business. The principal activity of the Company is conducting non-life insurance business. The Company’s products and services include marine cargo insurance, marine hull insurance, fire insurance, motor insurance, engineering insurance, and miscellaneous insurance. Its marine cargo insurance covers transit by streamer, transit by rail/lorry/truck, transit by inland rail, transit by air cargo, and transit by inland cargo. Its fire insurance includes fire coverage (including allied perils) and all industrial risks (IAR). The motor insurance includes coverage for commercial vehicles, private vehicles, and motorcycles/scooters. The engineering insurance provides policies for machinery breakdown, boiler and pressure vessels, lift insurance, electronic equipment, and contractor's all-risk insurance. The miscellaneous insurance covers burglary and housebreaking insurance, personal accident policies, and product liability policies.
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Shariah Compliance Report

An extensive business and financial screening of the company which specifies why a stock is halal or haram!

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