Dubai, March 30, 2022: Islamic Arab Insurance Company, listed as “SALAMA” on DFM, has received board approval for its audited financial statements for the year ended December 31, 2021. Highlights: Net profit for the year reached AED 48.17mn. Gross written contributions reached AED 1.09bn amid challenging macroeconomic conditions. Assets under management (AUM) grew 7.5% YOY […]
SALAMA’s preliminary Net Profit FY 2021 reaches AED 47.78 million
Dubai, February 14, 2022: Islamic Arab Insurance Company, listed as “SALAMA” on DFM, announced its preliminary results for the 2021 fiscal year. Highlights: Net profit for the year reached AED 47.78mn. Gross written contributions reached AED 1.08bn. SALAMA has taken proactive measures to restructure its balance sheet, through varied meausures such as improving underwriting performance, […]
SALAMA awarded ‘Takaful Specialist of the Year’ for the second consecutive year
Dubai, UAE; 28 January 2022: Islamic Arab Insurance Company (“SALAMA”), the UAE’s largest Shari’ah compliant Takaful solutions provider, today announced that it has once again been named ‘Takaful Specialist of the Year’ at the MENA Insurance Review Awards (MENAIR), held on January 25, 2022. The award recognizes SALAMA’s market-leading Islamic insurance solutions, as well as […]
DHA awards SALAMA the Participating Insurer status
UAE, 20 January 2022: Islamic Arab Insurance Company, listed as “SALAMA” on DFM, announced that it has been awarded “Participating Insurer” (PI) status by the Dubai Health Authority (DHA) with effect from January 01, 2022. SALAMA’s selection as a Participating Insurer is following a thorough evaluation by DHA, which assesses the insurer’s ability to provide […]
SALAMA signs up as exclusive Takaful partner for ‘In-Between’ Project helmed by The Gate properties
UAE, 20 December 2021: Islamic Arab Insurance Company, listed as “SALAMA” on DFM, has inked a deal to come on board as the exclusive insurance partner for the ‘In-Between’ project, which is helmed by Abu Dhabi-based real estate company – The Gate properties. Under the agreement, SALAMA will act as the exclusive insurance partner for […]
SALAMA reports net income of AED 43.23m in nine months; focused on accelerating digital efforts and improving operational performance
Highlights: SALAMA maintained momentum with improved operating performance, generating net underwriting income of AED 122.5 million, up 0.75% YoY Decrease in investment income by 73.54% to AED 27.1 million in 2021 compared to AED 102.5 million in the previous year, principally driven by one-off gain on the sale of investments in SALAMA KSA in the […]
SALAMA reports AED 40.29m, driving continued profitability and strong operational performance
Highlights: A net income of AED 40.29 million was achieved in the first half of 2021. SALAMA continues to showcase excellent operating performance with net underwriting income of AED 84.96m, up by 1.2% year on year. 87.53% increase in investment income to AED 31.91 million in 2021 compared with AED 17.01 million last year. Achieved […]
SALAMA reports audited FY 2020 net profit of AED 157.04 million, up 162.50% year-on-year
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 […]
SALAMA’s Preliminary 2020 net profit more than doubles to AED 136.13m
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 […]
SALAMA Wins ‘Takaful Specialist of the Year’ Award 2021
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 […]