16/09/2012 07:26 AST

Dar Al Takaful, formerly known as Takaful House, is confident to achieve premium targets set for 2012 as it plans to introduce various products to target small and medium enterprises, travel, medical and institutional business to bring profitable volumes.

The Islamic insurance firm intends to grow by at least 40 per cent each year for the next two years. It has achieved an 85 per cent year-on-year growth in its premium business during the first seven months of this year.

"We achieved a gross contribution [premium] income of Dh46.81 million as at July 31, 2012, compared to Dh25.30 million in the same period last year. We are likely to reach around Dh75 million in 2012 and Dh100 million plus in 2013," Saleh Al Hashimi, managing director of Dar Al Takaful, told Khaleej Times in an interview.

In an extensive chat on the insurance industry, he said Takaful operators have to invest in Shariah-compliant investments, and typically, real estate, listed equities, short-term placements, sukuk and deposits are some of the investment vehicles.

For more on this Click Here


Khaleej Times

Dar Takaful effects rights issue to raise its capital to AED 150 mill

25/04/2017

The DFM-listed Dar Al Takaful will effect a right issue to raise its capital to AED 150 million by issuing 50 million shares effective Tuesday, 25th April through 8th May, Dubai Financial Market anno

WAM

Dar Al Takaful provides insurance coverage for low income categories

10/06/2015

Dar Al Takaful, the leading Islamic Insurance Company, has been recently granted the approval by Dubai Health Authority to provide medical insurance coverage to the category with salaries below Dhs40

The Gulf Today

Ticker Price Volume
RIBL 29.65 2,130,721
ALDREES 141.40 522,113
EIC.ADX 7.95 0
GULFUNIONALAHLIA 17.40 234,780
ALBABTAIN 44.20 361,872
MUTAKAMELA 19.42 2,022,103
MIDAN 757.00 0
WATANIA Sector Market
P/E
Price/BookValue
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
IHC 401.50 0.00 (0.00%)
FAB 14.48 -0.06 (-0.42%)
EMIRATESNBD 20.80 0.15 (0.72%)
ADCB 11.86 0.16 (1.36%)
ADIB 16.12 0.06 (0.37%)
ACWA Power and Saudi Aramco ink deals to boost renewables, hydrogen, and desalination

06/02/2025

Saudi utility giant ACWA Power has signed two agreements with Aramco to accelerate the deployment of renewable energy projects and evaluate the performance of vanadium flow batteries in the Kingdom's

Arab News

Al Rajhi Bank announce a strategic partnership with MuhideFinTech Platform to authenticate and govern SMEs' trade finance transactions

05/02/2025

Al Rajhi Bank, a pioneer in innovative banking solutions in Saudi Arabia, has announced a strategic partnership with RATL Technology, the owner of Muhide fintech platform, to digitally empower and fi

Saudi Gazette

EEC's capital optimization plan to shore up financial position and sustain growth: CEO

14/09/2024

RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <

Saudi Gazette

Arabian Mills set final IPO price at $17.59 per share as CEO details growth vision

12/09/2024

Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces

Arab News

SABIC-MCC joint venture starts output

04/05/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette