Abu Dhabi National Takaful Company
| Company type | Public |
|---|---|
| ADX: TKFL | |
| Industry | Takaful |
| Founded | 16 November 2003 |
| Headquarters | , United Arab Emirates |
Key people |
|
| Products |
|
| Revenue |  AED 266 million (2014)[1] |
| AED 36 million (2014)[1] | |
| Total assets | AED 632 million (2014)[1] |
| Total equity | AED 212 million (2014)[1] |
| Website | www |
Abu Dhabi National Takaful Company PSC (Template:Lang-ar; known simply as Takaful, تكافل, or ADNTC) is a takaful company based in Abu Dhabi, United Arab Emirates. Its shares are traded on the Abu Dhabi Securities Exchange.
The company was established in 2003; its founding members include Abu Dhabi Islamic Bank (ADIB) and Abu Dhabi Investment Company.[2] As of 2015, ADIB is a significant shareholder in the company with a 41.7 percent interest.[3]
ADNTC is a significant player in the UAE takaful market.[4] It offers a range of takaful products including motor, property, general accidents, family apart from medical, engineering and Marine cargo coverage.[5] In 2014, it underwent a review of its wakala fee structure which improved the balance of earnings between the participant and shareholder funds.[4]
The company has won various awards including 'Best Bancatakaful Operator Middle East' at the International Takaful Summit 2012, 'Takaful Operator of the Year' in the Middle East by INSUREX Conference & Awards in 2012 and 2013, and 'Takaful Insurer of the Year' for MENA at the MENA Insurance Review (MENAIR) Insurance Awards 2014.[6]
References
- ^ a b c d Annual Report 2014 (pdf), Abu Dhabi National Takaful Company PSC, 2014-12-31, retrieved 2015-08-24
- ^ "Abu Dhabi National Takaful Company". Arabian Business. Retrieved 2015-08-25.
- ^ "Major Shareholder". Abu Dhabi Securities Exchange. Retrieved 2015-08-25.
- ^ a b "A.M. Best Revises Outlook to Positive for Abu Dhabi National Takaful Company P.S.C." A. M. Best. 2015-08-13. Retrieved 2015-08-25.
- ^ "Takaful earnings rise 16.5% in first quarter". Khaleej Times. 2015-05-15. Retrieved 2015-08-25.
- ^ "Abu Dhabi National Takaful Co. P.S.C Receives the 'Takaful Insurer of the Year' Award at the MENAIR Insurance Awards 2014". Abu Dhabi National Takaful Company PSC. 2014-01-20. Retrieved 2015-08-23.