Strategic move will drive profit and Re-Takaful industry growth SALAMA Islamic Arab Insurance Company, the world”s largest Takaful and Re-Takaful company, has concluded a landmark agreement to establish a Shari”ah syndicate at Lloyd”s of London, the first of its kind at the world famous insurance market. The agreement also establishes SALAMA as the first Middle […]
SALAMA company’s annual profit soars by 3000% to AED 110 million
Net profit forecast to quadruple by 2010SALAMA Islamic Arab Insurance Company, the world’s largest Takaful and Re-Takaful company has announced a provisional 2005 net profit of AED 110 million (US $30.14m), up from AED 3.599m (US $1m) in 2004. “By any measure this is a remarkable business performance. The provisional profit is 1.7 times more […]