Dubai, March 11, 2021: Islamic Arab Insurance Company , listed as “SALAMA” on DFM, has received board approval for its audited financial statements for the year ended December 31, 2020. Highlights: Significant growth in net profit to AED 157.04 million; underlying net profit increased by 162.50% YOY. Gross written premiums grew by 5.5% to AED […]

Dubai, February 14, 2021: Islamic Arab Insurance Company, listed as “SALAMA” on DFM, announced its preliminary results for the 2020 fiscal year. Highlights: • Significant growth in net proft for the year to AED 136.13m, more than double last year; underlying net profit up more than 15% YOY• Gross written contributions increased 6% to AED […]

United Arab Emirates-Dubai, 31 January 2021: Islamic Arab Insurance Company (“SALAMA”), the UAE’s largest Shari’ah compliant Takaful solutions provider, today announced that it has been awarded Takaful Specialist of the Year at the MENA Insurance Review Awards (MENAIR) 2021, held virtually on 27 January 2021.   The award recognizes SALAMA’s market-leading Islamic insurance solutions and the […]

• Fahim Al Shehhi appointed as new CEO of UAE’s largest Shari’ah compliant insurance provider United Arab Emirates-Dubai, 14 January 2021: The Board of Directors of Islamic Arab Insurance Company (“SALAMA”), the UAE’s largest Shari’ah compliant Takaful solutions provider, today announced the appointment of Fahim Al Shehhi as its new Chief Executive Officer. Fahim succeeds […]

United Arab Emirates-Dubai, 13 December, 2020: Islamic Arab Insurance Company (“SALAMA”), the UAE’s largest and oldest Shari’ah compliant Takaful solutions provider, has rolled out a new brand identity to mark its 40 years of success, celebrate the trust of its customers and highlight the company’s strategic future ambitions. Jassim Alseddiqi, Chairman of SALAMA, said: “We […]

Dubai, November 23, 2020: Islamic Arab Insurance Company, listed as “SALAMA” on DFM, is delighted to have been awarded Takaful Company of the Year at the 7th annual Middle East Insurance Industry Awards. The award, announced last night, recognizes SALAMA’s market-leading product offering and the continuing high standards of service it provides to its customers. […]

Dubai, November 12, 2020: Islamic Arab Insurance Company, listed as “SALAMA” on DFM, announced its results for the first nine months of 2020. Highlights: • Gross written premium increased by 7.5%, from AED 883m in first nine months of 2019 to AED 949m for same period this year, despite challenges of the COVID-19 pandemic. • […]

United Arab Emirates, Dubai, 09 November 2020: Islamic Arab Insurance Company (“SALAMA”), the UAE’s largest and oldest Shari’ah compliant Takaful solutions provider, has successfully introduced its new Individual Life product range covering seven products and supplementary benefits following the new UAE regulation 49 (also known as BOD-49) that came into effect on 15 October 2020. […]

United Arab Emirates-Dubai, Aug 17, 2020 Islamic Arab Insurance Company (“SALAMA”), the UAE’s largest and oldest Shari’a compliant Takaful solutions provider, today announced a payment of surplus (cash returns) of AED11.5 million to eligible group credit life policyholders for the policy year 2019, demonstrating a good half year of profitable growth. Surplus sharing is a […]

Dubai, Aug 10, 2020: Islamic Arab Insurance Company, listed as “SALAMA” on DFM, announced its interim results for the first six months of 2020. Highlights: • Gross written premium (GWP) grew by 6.9% from AED 650m in H1 2019 to AED 695m in H1 2020, despite challenges of COVID-19 pandemic• Net profit reported for H1 […]