The partnership, which marks APRIL International’s expansion into the Middle East, will see the group build on SALAMA’s decades of expertise to provide UAE citizens and expatriates with a seamless international health insurance experience. December 12, 2022, Dubai, United Arab Emirates: Islamic Arab Insurance Company (“SALAMA”), the UAE’s largest Shari’ah-compliant Takaful solutions provider, and APRIL […]
Salama reports 9-month net profit of AED 25.1 million, reaffirms leadership position with digital offering, good solvency ratio and progress in insurance portfolio consolidation
Highlights: Q3 Gross Written Contributions up 48% year-on-year to AED 312 million, while for the 9-month period it reached AED 886 million. Strong performance of subsidiaries in Egypt and Algeria, which achieved profitability growth of 54% YOY. Q3 Net Profit grows 102% YoY to AED 5.9 million. 5.6% YoY decline in general, administrative, and other […]
Salama to offer corporate insurance services on ADDED’s ‘Investor Journey’ portal
UAE, 26 October 2022: Islamic Arab Insurance Company, listed as “SALAMA” on DFM, announced today that it has signed an agreement with the Abu Dhabi Department of Economic Development (ADDED) to provide its services on ‘Investor Journey’ portal. SALAMA will join leading UAE public and private institutions in this initiative, which enables entrepreneurs and investors […]
Salama’s ‘Kind Beings of Dubai’ campaign concludes with record engagement across social media platforms
UAE residents shared approximately 600 kindness stories throughout the 22-day campaign. SALAMA awarded shortlisted participants with AED 1000 each day for the entire duration of the campaign. Dubai, United Arab Emirates, 12 October 2022 : Islamic Arab Insurance Company (“SALAMA”), the UAE’s largest Shari’ah-compliant Takaful solutions provider, has concluded its 22-day social media campaign titled […]
Salama and Almadallah collaborate to provide cost-effective solutions tailored to customers’ needs
07 September 2022, Dubai, United Arab Emirates: Islamic Arab Insurance Company (“SALAMA”), the UAE’s largest Shari’ah-compliant Takaful solutions provider has tied up with Almadallah Healthcare Management FZ CO, one of the leading independent Third-Party Administrator (TPA) providers in the region. Through this collaboration, SALAMA’s health takaful plan members will benefit from Almadallah’s efficient, cost-effective and […]
Salama reports H1 net profit of AED 19.20 million, achieving market leadership in digital takaful solutions
Highlights: Records net profit of AED 19.20 million in H1 2022 – driven by strong operational efficiencies, product innovation and digital transformation initiatives. Net profit for H1 2022 compared to same period last year was adversely impacted by lower investment income. Robust business performance with Gross written contribution of AED 574 million. Achieves market leadership […]
Salama and Bayzat join forces to offer exclusive Health Takaful solution to SMEs in the UAE
The customized, high-quality, digital and comprehensive Takaful health solution is exclusively available for Bayzat SME clients July 5, 2022, Dubai, United Arab Emirates: Islamic Arab Insurance Company (“SALAMA”), the UAE’s largest Shari’ah-compliant Takaful solutions provider, and Bayzat, a UAE-based company offering an all-in-one human resource (HR), payroll and employee benefits platform, have announced their collaboration […]
Salama partners with WELLX to offer hyper-personalized and rewarding health insurance plans in the UAE
The country’s largest Shari’ah-compliant Takaful solution provider offers Wellx health insurance plans that allow its customers to get a portion of their contribution back if they meet their health and wellness goals. Customers also gain access to Wellx’s ecosystem, which includes a wide range of fitness & wellness brands in the region 22 June 2022, […]
SALAMA reports Q1 net profit of AED 15.10million; focused on business expansion in 2022 catalyzed by transformative digital initiatives and aggressive acquisition strategy
Highlights: Net profit in Q1 reached 15.10 million. Gross written contributions reached AED 305 million despite difficult market conditions. Strong performance by subsidiaries in Egypt and Algeria achieving YOY growth of 150% in profitability. AGM approved the distribution of a cash dividend of 2 fils/share for the period ending December 31, 2021. Effective cost control […]
SALAMA partners with Abu Dhabi Residents Office to provide best-in-class takaful healthcare services
Abu Dhabi, Dubai, UAE; 21 April 2022: Islamic Arab Insurance Company (“SALAMA”), the UAE’s largest Shari’ah compliant Takaful solutions provider, today announced a partnership agreement with the Abu Dhabi Residents Office (ADRO), highlighting its goal to provide a comprehensive range of quality health insurance services to Abu Dhabi Golden Visa Holders. ADRO, a division of […]