Please wait...
GulfBase Live Support
- Saudi Arabia invites applications for exploration permits in Riyadh, Madinah regions
- Dubai port operator DP World grows 2024 revenues to record $20b
- Asyad Shipping shares steady on market debut after RO128mn IPO
- Qatar sees strong residential performance in Q4 2024
- Dubai office rents: Small businesses feel full impact of eviction notices
- UAE-Pakistan trade gets single-window boost after AD Ports Group deal
- India becomes top FDI source in Dubai with $3 billion investment
- Closing Bell: Saudi main index continues to decline on third consecutive day
- Saudi banks see profit surge in Q4 as rate cuts boost margins: Fitch Ratings
- Haramain Railway operates over 3,400 trips with 1.6 million seats during Ramadan
11/01/2015 08:13 AST
Al Madina Takaful Co announced on Thursday the Wakala fees and Mudharaba percentage for the fiscal year ending December 31, 2015.
The company operating as the Wakeel of the policyholders fund proposed to charge Wakala fee on the net revenue of the company. The aggregate Wakala fee for the year 2015 shall be 20 per cent of the gross written contribution for all contributors' in general takaful funds and family takaful funds, the company said in its filing to Muscat Securities Market.
Regarding Mudharaba percentage, Al Madina Takaful operating as the Mudharib of the policyholders fund will charge a Mudarib fee of 70 per cent of the net profits generated from the investment of the policyholders fund.
Muscat Daily
22/01/2018
Al Madina Takaful, Oman's first Takaful insurance provider, announced the appointment of Usama Al Barwani as chief executive officer (CEO) of Al Madina Takaful at the board meeting.
Al Bar
Times of Oman
10/02/2015
Dr Mohammed Al Barwani, Chairman, Al Madina Insurance Co. unveiled the inaugural issue at a ceremony. The quarterly newsletter, promises to serve as a communication and listening platform for the com
Oman Daily Observer
16/09/2014
Al MadinaTakaful has launched Al Madina Motor Prestige, a unique car insurance scheme exclusively for premium and luxurious cars yesterday. Motor Prestige promises not only to be a motor insurance co
Oman Daily Observer
| Ticker | Price | Volume |
|---|
13/03/2025
Asyad Shipping Company, one of the world's largest diversified maritime providers and a global leader in deep-sea transportation, successfully listed on the Muscat Stock Exchange (MSX) on Wednesday f
Muscat Daily
13/03/2025
Qatar Gas Transport Company (Nakilat) marked a significant milestone with the steel cutting ceremony for eight of its new LNG carriers at Hanwha Ocean Shipyard in South Korea.
These vessel
Trade Arabia
12/03/2025
Oman's Ministry of Energy and Minerals has entered into an Exploration and Production Sharing Agreement (EPSA) with OQ Exploration and Production (OQEP) and Genel Energy to develop Concession Block 5
Muscat Daily
11/03/2025
For the third consecutive year, Gulf Bank successfully organized an exhilarating fitness challenge at Lose Gain, a specialized group training gym. The event combined high-energy workouts with friendl
Khaleej Times
11/03/2025
Oman Telecommunications Company (Omantel) Group has reported significant growth in its financial results for the year 2024. The group's revenue (including Zain Group's operations) increased by 3%, fr
Muscat Daily
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia