Please wait...
GulfBase Live Support
- Flynas IPO: Saudi Arabia's Budget Airline Takes Flight on the Stock Market
- TAQA Group reports Q1 revenue of $ 3.87bn, up 3.8%
- Bahrain All Share Index closes higher
- UAE airline Etihad places major aircraft order with Boeing
- UN forecasts global economic growth to drop to 2.4% in 2025
- Dubai gold rate shoots up after Dh10 plus drop - in hours
- Abraj Energy signs deal with BP for drilling rig in Block 61
- Commercial Bank launches new CB Corporate Banking App
- QSE sees 62% of stocks in the red; index loses 19 points
- Financial markets development essential to Qatar's comprehensive financial strategy: QCB Governor
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
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
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 |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 401.00 | 0.00 (0.00 |
| FAB | 15.86 | 0.06 (0.37 |
| EMIRATESNBD | 22.60 | 0.70 (3.19 |
| ADCB | 12.30 | 0.10 (0.81 |
| ADIB | 19.10 | 0.18 (0.95 |
16/05/2025
Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, has delivered a 3.8% year-on-year revenue growth, reaching AE
Trade Arabia
16/05/2025
Abraj Energy Services has signed a contract with BP Oman to provide a drilling rig for operations in Block 61, with the rig expected to become operational in the fourth quarter of 2025.
The
Muscat Daily
16/05/2025
Commercial Bank, a leader in innovative digital banking solutions, has unveiled its all-new Corporate Mobile Banking App, setting a new standard for business banking in the region.
This stat
Gulf Times
16/05/2025
Emirates NBD is rolling out a new AI-driven solution to strengthen its compliance checks on payments and trade transactions, as part of a wider effort to improve safety, speed, and transparency in fi
Gulfnews
16/05/2025
In line with its leading and responsible role in the banking industry, National Bank of Kuwait continues to advance confidently towards building a sustainable future by implementing its environmental
Kuwait Times
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia