• 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 […]
SALAMA celebrates its continuing success with new brand identity
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 […]
SALAMA recognized as Takaful Company of the Year
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. […]
SALAMA’s net profit for first 9 months surges 392% to AED 137.06m
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. • […]
SALAMA successfully introduces new Individual Life product range in compliance with UAE Regulation 49
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. […]
SALAMA announces AED11.5 million surplus distribution to Takaful policyholders for 2019
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 […]
SALAMA 2020 half-year net profit increases 41.03 % to AED 47.05m
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 […]
SALAMA announces AED 13.65 million profit for Q1 2020
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 […]
SALAMA Insurance achieves AED 55 million net profit in 2019 and the Board of Directors recommends cash dividends
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 […]
Islamic Arab Insurance Company (SALAMA) Posts AED 55 Million Net Profit for 2019
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 […]