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 […]

SALAMA achieved 28% growth in premiums in the first quarter of 2010 reaching AED 526 M vs. AED 411 for the same quarter last year. In general, performance and operating efficiency across all subsidiaries in Takaful operations have improved considerably and their net results are impressive, however these good results were hard hit by the […]