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It was founded in 2006 as an insurance company. [1] In 2014, the Capital Market Authority granted Al Madina a takaful license. [1] Al Madina then converted all its insurance business to become Sharia-compliant and became the first takaful company in Oman. [2] After the conversion, Al Madina embarked on acquisitions to expand its operations.
Pages in category "Takaful companies of Oman" This category contains only the following page. This list may not reflect recent changes. A. Al Madina Takaful
Takaful (Arabic: التكافل, sometimes translated as "solidarity" or mutual guarantee) [1] is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic or sharia-compliant alternative to conventional insurance, which contains riba (usury) and gharar (excessive uncertainty).
National Takaful Company (Watania) PJSC (Arabic: وطنية للتكافل) is a takaful company based in Abu Dhabi, United Arab Emirates. The company was created in 2011 by Abu Dhabi National Islamic Finance , Abu Dhabi National Insurance Company , TAQA and Aldar Properties . [ 4 ]
Takaful companies of Oman (1 P) U. Takaful companies of the United Arab Emirates (3 P) This page was last edited on 11 September 2019, at 20:18 (UTC). Text is ...
The company also offers regional insurance products through its wholly owned subsidiaries in Oman and Turkey. [8] Oman Insurance was the first to offer STP (Straight Through Processing), real-time motor policy issuance to its UAE customers in 2020.
Insurance companies of Oman ... (1 C) T. Takaful companies of Oman (1 P) Telecommunications companies of Oman (1 C, ...
Since its establishment in 1979, Salama has been a leader in the Takaful industry, serving over 450,000 customers and offering coverage exceeding AED 10 billion. The company won Best Takaful Company (Middle East) at the 2012 International Takaful Awards.