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 […]

Dubai – United Arab Emirates, May 21, 2020:Islamic Arab Insurance Company (“SALAMA”), UAE’s largest and oldest takaful provider, announced its reviewed financial results for the quarter ending March 31, 2020, reporting a net profit attributable to shareholders of AED 13.65 million as compared to AED 14.96 million in Q1 2019. The Gross Written Contribution grew […]

Highlights: Gross written premium (GWP) grew by 6.25% to AED 1,106 million in 2019 from AED 1,041million in 2018 Underwriting income increased by 21% to AED 183 million in 2019 from AED 151 million in 2018 Net profit of AED 55 million reported in 2019 compared to AED 2 million in 2018 Board of Directors […]

Highlights: First time in history of SALAMA since listing, Board of Directors to recommend cash dividend level after final audited financials are released. Gross written premium (GWP) grew by 6.33% from AED 1.063 billion in 2018 to AED 1.130 billion in 2019. Underwriting income increased by 21% to AED 183 million in 2019 from AED […]

Gross written premium increased by 13.6% to Dh901m in Q3 2019 9-month year to Q3 Net profit increased by 15.78% to Dh34.9m Islamic Arab Insurance Company (“SALAMA”), listed on the Dubai Financial Market, has shown consistent growth in net profit over the last three quarters of 2019 and has reported 13.6% growth in gross contribution, […]

Islamic Arab Insurance Company, listed as “SALAMA” on DFM, announced its interim results for the first six months of 2019 to June 30, 2019. Highlights: – Gross written premium (GWP) grew by 18.8% from AED 547m in H1 2018 to AED 650m in H1 2019. –  Net profit reported for H1 2019 increased to AED […]

Islamic Arab Insurance Company (“SALAMA”) welcomes Standard and Poor’s Global Ratings (“S&PGR”) move to upgrade the financial strength and issuer credit rating of SALAMA from ‘BBB-‘to ‘BBB’ with stable outlook. The rating reflects SALAMA’s position as the largest Sharia-compliant insurer in the UAE with ‘AAA’ level capital adequacy. SALAMA posted impressive revenue growth of 25% […]

Gross written premium increased by 25% to Dh358m in Q1 2019 Net profit increased by 9% to Dh18m in Q1 2019 Islamic Arab Insurance Company (“SALAMA”), one of the UAE’s largest Takaful solutions provider, has reported 25% growth in gross contribution, attributing to a total of Dh358m in gross contribution for Q1 -2019 versus Dh286m […]

SALAMA Islamic Arab Insurance Company, one of the UAE’s largest and oldest Shari’ah compliant Takaful solutions providers, has reported financial results for the twelve-month period ending December 31, 2018. Listed on the Dubai Financial Market and entering its fortieth year of operation, SALAMA has posted double-digit growth in 2018 despite the insurance companies listed on […]

Standard & Poor’s has raised to ‘A-‘, up from ‘BBB+’ the counterparty and insurer financial strength of Dubai based Islamic Arab Insurance as well as the core operating subsidiaries of its wholly owned Labuan-based reinsurance sub-group. The outlook is stable.The ratings principally reflect the Salama/IAIC group’s strong capitalization, strong consolidated business position, and now strong […]