About Us

Who We Are

Mercantile Islami Life Insurance Limited (MILIL) is a premier Shariah-based financial institution dedicated to providing ethical and transparent life protection solutions. Incorporated as a public company on September 2, 2013, we received our registration from the Insurance Development and Regulatory Authority (IDRA) on September 25, 2013, under the Insurance Act 2010.

Since our inception, MILIL has stood at the forefront of the private Takaful sector in Bangladesh. In over a decade of service, we have redefined the industry through full automation, absolute transparency, and a Shariah-first approach. Our commitment to the rapid settlement of claims and ethical fund management has built a legacy of trust across all communities. Today, with a robust network of over 150 branches nationwide, MILIL stands as a beacon of reliability and digital innovation in Islamic Life Takaful.

 

Our Purpose

Our purpose is rooted in the Islamic principle of Ta’awun (Mutual Assistance). We exist to serve our participants with utmost care, offering financial solutions that honor their faith and secure their future. We embrace our Corporate Social Responsibility (CSR) by managing financial risks through a collective pool, ensuring that every participant contributes to the welfare of the community while securing their own peace of mind.

Mission

  • Economic Islamization: To lead the Islamization of economic activities in Bangladesh, fostering solidarity within the Muslim Ummah through Shariah-compliant financial instruments.
  • Participant Empowerment: To provide our valued participants with Life Takaful plans that offer maximum benefit, financial security, and ethical growth.
  • Innovative Excellence: To assist our members in navigating life’s major events by providing high-quality, innovative, and fairly priced Takaful products that meet modern financial needs without compromising Shariah values.

Vision

To be the most trusted global-standard Takaful provider, empowering our participants to build a safer, more prosperous future while enjoying true Sukun (Peace of Mind) through excellence in service and spiritual integrity.