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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.
Pages in category "Takaful companies of the United Arab Emirates" The following 3 pages are in this category, out of 3 total. ... Salama (company) W. Watania
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).
The first Islamic insurance (or takaful) company – the Islamic Insurance Company of Sudan – was established in 1979. [65] The Amana Income Fund, [74] the world's first Islamic mutual fund (which invests only in Sharia-compliant equities), was created in 1986 in Indiana. [65]
Islamic banks often use "parallel" salam contracts and acting as a middleman. One contract is made with a seller and another with a purchaser to sell the good for a higher price. Examples of banks using these contracts are ADCB Islamic Banking and Dubai Islamic Bank. [108] Basic features and conditions of a proper salam contract
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 ]
Salama Hospital, Abu Dhabi (Private) Shaikh Khalifa Medical City (Abu Dhabi Health Services Company (SEHA), managed by Cleveland Clinic) [1] Sheikh Shakhbout Medical City (SEHA - Managed by Mayo Clinic) Universal Hospital, Abu Dhabi (Private) Ittihad Medical Center Abu Dhabi
Noor Bank (formerly Noor Islamic Bank) was established in January 2008, in Dubai, United Arab Emirates. In 2018, the bank was ranked the 11th largest bank in the UAE in terms of asset size. Noor Bank is a full-service Shari’a-compliant bank, offering a range of products and services - in corporate and personal banking, wealth management ...