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- Dubai gold price surprises shoppers with near Dh7 jump after 3 days of drops
- Dubai logistics firm Aramex CEO Othman AlJeda resigns
- UAE banks continue to hit high growth in Q1-2025, with ADIB's net profit at D1.9b
- Saudi Social Development Bank Surpasses $43.2 Billion in Total Financing
- Salalah Port welcomes eco-friendly container ships
- US Treasury's Bessent Urges IMF, World Bank to Refocus on Core Missions
- Oman launches RO100mn development bonds issue
- Oman Airports posts strong financial and operational growth for 2024
- QNB, Mastercard launch new debit cards campaign to reward customers
- Bahrain All Share Index closes lower
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
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24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
24/04/2025
QNB has launched a new campaign, aimed at rewarding customers to use their QNB Mastercard debit cards for everyday purchases.
The campaign, taking place from April 24-June 24, will offer win
Gulf Times
24/04/2025
Isam Al-Sager, Vice Chairman and Group CEO of National Bank of Kuwait (NBK), expressed unwavering confidence in the bank's ability to swiftly adapt to the evolving economic landscape, all the while m
Kuwait Times
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