Abu Dhabi National Takaful Company

From Wikipedia, the free encyclopedia

Abu Dhabi National Takaful Company PSC (Arabic: شركة أبوظبي الوطنية للتكافل ش.م.ع.) -- known simply as Takaful, تكافل, or ADNTC -- was established in 2003[2] by the Abu Dhabi Islamic Bank (ADIB) and Abu Dhabi Investment Company.[2] It is a powerful player in the UAE takaful market,[3] based in Abu Dhabi. It offers a range of takaful products including motor, property, general accidents, family, medical, engineering, and Marine cargo coverage.[4] Its shares are traded on the Abu Dhabi Securities Exchange as TKFL.[5]

TypePublic
IndustryTakaful
Founded16 November 2003; 22 years ago (2003-11-16)
Quick facts Type, Traded as ...
Abu Dhabi National Takaful Company PSC
TypePublic
ADX: TKFL
IndustryTakaful
Founded16 November 2003; 22 years ago (2003-11-16)
Headquarters,
United Arab Emirates
Key people
  • Khamis Buharoon (Chairman)
  • Osama Abdeen (CEO)
Products
  • General Takaful and Family Takaful
RevenueIncrease AED 793 million (2024)[1]
Increase AED 83 million (2024)[1]
Total assetsIncrease AED 1,558 million (2024)[1]
Total equityIncrease AED 495 million (2024)[1]
Websitewww.takaful.ae
Close

Ratings

ADNTC's rating by credit rating agencies are:

  • AM Best has affirmed ADNTC's Financial Strength Rating of A− (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent). The Outlook is stable (12 December 2024).
  • Fitch Ratings has affirmed ADNTC's Insurer Financial Strength (IFS) Rating at 'A−'. The Outlook is Stable (18 Feb, 2025).

Recognition

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

Related Articles

Wikiwand AI