Liquidity ratio:

𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐀𝐬𝐬𝐞𝐭
Current ratio =
𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐋𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐲

Table 1: Current ratios of four Islamic insurance companies of Bangladesh

Name of Companies 2012 2013 2014 2015 2016

Fareast Islamic Life 3.19 4.04 3.22 3.27 3.43
Insurance Co. Ltd.
Prime Islamic Life 1.04 1.05 1.05 1.75 1.03
Insurance Company
Ltd.
Padma Islamic Life 4.06 3.76 0.82 4.48 2.83
Insurance Company
Ltd.
Takaful Islamic 2.74 2.77 3.03 3.33 3.07
Insurance Ltd
 𝐂𝐚𝐬𝐡&𝐄𝐪𝐮𝐢𝐛𝐢𝐥𝐢𝐚𝐧𝐭 +𝐒𝐡𝐨𝐫𝐭.𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭+𝐒𝐮𝐧𝐝𝐫𝐲𝐝𝐞𝐛𝐞𝐭𝐨𝐫𝐬
Quick ratio =
𝐂𝐮𝐫𝐫𝐞𝐧𝐭𝐋𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐲

Table 2: Quick ratios of four Islamic insurance companies of Bangladesh

Name of Companies 2012 2013 2014 2015 2016

Fareast Islamic Life 2.64 3.18 1.31 1.18 4.65
Insurance Co. Ltd.
Prime Islamic Life 9.11 9.29 0.64 3.56 6.60
Insurance Company
Ltd.
Padma Islamic Life 6.74 6.76 7.52 7.46 7.33
Insurance Company
Ltd.
Takaful Islamic 1.97 2.22 2.48 0.54 2.30
Insurance Ltd
Leverage ratios:

𝐓𝐨𝐭𝐚𝐥 𝐚𝐬𝐬𝐞𝐭𝐬−𝐓𝐨𝐭𝐚𝐥𝐄𝐪𝐮𝐢𝐭𝐲
Total Debt ratio =
𝐓𝐨𝐭𝐚𝐥 𝐚𝐬𝐬𝐞𝐭𝐬

Table-3: Total Debt ratio of four Islamic Insurance companies of Bangladesh

Name of Companies 2012 2013 2014 2015 2016

(%) (%) (%) (%) (%)
Fareast Islamic Life 0.98 1.35 1.26 2.46 2.39
Insurance Co. Ltd.
Prime Islamic Life 0.95 0.91 2.14 2.59 3.10
Insurance Company
Ltd.
Padma Islamic Life 4.07 4.14 4.06 4.12 4.17
Insurance Company
Ltd.
Takaful Islamic 5.22 5.72 7.17 5.44 7.76
Insurance Ltd
 Activity ratios:
𝐑𝐞𝐯𝐞𝐧𝐮𝐞
Fixed asset turnover ratio =
𝐍𝐞𝐭 𝐅𝐢𝐱𝐞𝐝 𝐀𝐬𝐬𝐞𝐭𝐬,

Table 4: Fixed asset of four Islamic insurance companies in Bangladesh

Name of Companies 2012 2013 2014 2015 2016

Fareast Islamic Life 0.09 0.80 0.82 0.78 0.14
Insurance Co. Ltd.
Prime Islamic Life 0.06 0.12 0.15 0.19 0.18
Insurance Company
Ltd.
Padma Islamic Life 0.10 0.15 0.17 0.16 0.13
Insurance Company
Ltd.
Takaful Islamic 0.09 0.07 0.14 0.16 0.19
Insurance Ltd
 𝐑𝐞𝐯𝐞𝐧𝐮𝐞
Receivables Turnover =
𝐒𝐮𝐧𝐝𝐫𝐲𝐃𝐞𝐛𝐭𝐨𝐫𝐬

Table-5: Receivables Turnover of four Islamic insurance companies

Name of Companies 2012 2013 2014 2015 2016

Fareast Islamic Life 1.38 2.14 0.94 1.76 1.15
Insurance Co. Ltd.
Prime Islamic Life 0.98 1.89 2.78 1.73 0.84
Insurance Company
Ltd.
Padma Islamic Life 1.44 1.84 0.88 1.74 0.96
Insurance Company
Ltd.
Takaful Islamic 0.72 0.66 0.62 0.58 0.98
Insurance Ltd
Profitability ratios:
𝐍𝐞𝐭 𝐈𝐧𝐜𝐨𝐦𝐞
Return on Assets =
𝐓𝐨𝐭𝐚𝐥 𝐀𝐬𝐬𝐞𝐭𝐬
Table 6: Return on Assets of four Islamic insurance companies of Bangladesh

Name of Companies 2012 2013 2014 2015 2016

(%) (%) (%) (%) (%)
Fareast Islamic Life
Insurance Co. Ltd.
Prime Islamic Life
Insurance Company
Ltd.
Padma Islamic Life
Insurance Company
Ltd.
Takaful Islamic
Insurance Ltd
 𝐍𝐞𝐭 𝐈𝐧𝐜𝐨𝐦𝐞
Return on Equity =
𝐓𝐨𝐭𝐚𝐥 𝐄𝐪𝐮𝐢𝐭𝐲

Table 7: Return on Equity of four Islamic insurance companies of Bangladesh

Name of Companies 2012 2013 2014 2015 2016

(%) (%) (%) (%) (%)
Fareast Islamic Life 40.37 38.09 41.67 38.21 41.38
Insurance Co. Ltd.
Prime Islamic Life 29.78 29.34 33.89 37.82 37.56
Insurance Company
Ltd.
Padma Islamic Life 41.17 39.14 38.46 40.12 41.02
Insurance Company
Ltd.
Takaful Islamic 28.45 29.54 31.78 33.78 33.98
Insurance Ltd
 𝐍𝐞𝐭 𝐈𝐧𝐜𝐨𝐦𝐞
Profit Margin =
𝐑𝐞𝐯𝐞𝐧𝐮𝐞

Table: 8-Profit margin ratios of four Islamic insurance companies of Bangladesh

Name of Companies 2012 2013 2014 2015 2016

(%) (%) (%) (%) (%)
Fareast Islamic Life 21.14 23.75 25.41 32.85 28.35
Insurance Co. Ltd.
Prime Islamic Life 18.47 21.48 17.51 28.95 32.14
Insurance Company
Ltd.
Padma Islamic Life 37.40 25.61 19.84 38.52 38.10
Insurance Company
Ltd.
Takaful Islamic 18.10 20.56 24.81 31.84 27.52
Insurance Ltd