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The Islamic Insurance Company (Public Shareholding Company) (Jordan)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: The Islamic Insurance Company (Public Shareholding Company) 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

The Islamic Insurance Company is a Takaful insurance company located in Amman, Jordan. It was established in 1996 and operates in compliance with Islamic Share'ah laws. The company practices legitimate cooperative insurance through a Wakalah (agency) with a known wage. It started with a capital of 2 million Jordanian Dinars and has now grown to 15 million Jordanian Dinars. The Islamic Insurance Company holds the largest share of the Takaful market in Jordan and has a prominent position in the Takaful insurance market both within and outside of Jordan. The company has received numerous awards and has a distinguished rating of ‘A (jd)' (Single A) from the Islamic International Rating Agency. Additionally, the company has played a role in establishing Takaful insurance companies in other Middle Eastern countries such as Yemen, Lebanon, Saudi Arabia, and Tunisia.

Headquarters
Wasfi Al Tal Street (Al Gardens), No. (94), Al-Tabba Mosque, P.O.Box :(941000)
Amman; West Zone; Postal Code: 11194

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Website: http://www.islamicinsurance.jo

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:
1996
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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3.645%
Company Performance
Financial values in the chart are available after The Islamic Insurance Company (Public Shareholding Company) report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency JOD. Absolute financial data is included in the purchased report.
Net insurance premium revenue
124.34%
Operating profit (EBIT)
-3.22%
Net Profit (Loss) for the Period
-18.88%
Total assets
15.13%
Investments
17.51%
Total equity
0.27%
Net Premiums Earned Trend
113.58%
Net Profit Trend
N/A
Return on Equity (ROE)
-1.8%
Loss Ratio
-28.81%
Underwriting Expenses Ratio
-49.62%

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