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Takaful Emarat-Insurance ( P S C ) (United Arab Emirates)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Takaful Emarat-Insurance ( P S C ) Profile Updated: March 13, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

Takaful Emarat - Insurance (PSC) is a public stock company located in Dubai, United Arab Emirates. It was incorporated in the Emirate of Dubai on February 6, 2007, under decree No. 62 for the year 2007 issued by the Ministry of Economy. The company operates in accordance with the UAE Federal Law No. 2 of 2015 (as amended), known as the "Companies Law." Takaful Emarat specializes in providing Takaful activities in Health Insurance, Life Insurance, and Credit and Saving Insurance. These activities are conducted in compliance with the Islamic Sharia'a and the provisions of the company's Articles of Association. Takaful Emarat is recognized as a leading Shariah-compliant Life and Health Takaful Provider in the UAE. The company offers a wide range of individual and corporate life and health Takaful products, including protection, savings, and investment plans. These products are marketed through various distribution channels.

Headquarters
304 305, 3Rd Floor, Spectrum Building Sheikh Rashid Road Oud Metha, P.O. Box No. 64341
Dubai; Northern Emirates; Postal Code: 64341

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Website: http://www.takafulemarat.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
2008
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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14.308%
Subsidiaries
Modern Tech Investment
100%
Company Performance
Financial values in the chart are available after Takaful Emarat-Insurance ( P S C ) report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency AED. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-49.57%
Operating profit (EBIT)
97.78%
Net Profit (Loss) for the Period
-781.06%
Total assets
-39.63%
Investments
-33.31%
Total equity
-74.21%
Net Premiums Earned Trend
-17.95%
Net Profit Trend
761.14%
Return on Equity (ROE)
-197.56%
Loss Ratio
-46.06%
Underwriting Expenses Ratio
-39.85%

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