SALAMA and FAB leaders come together to reaffirm their partnership The partnership makes Sharia-compliant life protection, savings and wealth solutions easier to access through FAB’s banking network Dubai, UAE, 16 October 2026 – Islamic Arab Insurance Company, a leading Takaful provider in the UAE, and First Abu Dhabi Bank (FAB) have reaffirmed their partnership at […]
Second consecutive profitable quarter as Takaful Insurance Service Result improves by AED 30.2 million. Dubai, UAE, 6 October 2026 – Islamic Arab Insurance Co. (SALAMA) PJSC (DFM: SALAMA) reported profit after tax of AED 28.3 million in H1 2026, more than three times the AED 8.2 million reported in H1 2025. Q2 profit reached AED 14.3 million, […]
· Partnership launches with Property All Risk Cover for Ajman Bank Home Finance customers · Collaboration establishes a platform to explore additional Takaful solutions across selected customer segments over time Dubai, UAE – September 2026: SALAMA, Islamic Arab Insurance Company PJSC (“SALAMA”), the first Takaful insurer in the Middle East, and Ajman Bank have entered […]
H1 2026 Highlights · Profit after tax increased to AED 28.3 million for the six months ended 30 June 2026, more than three times the AED 8.2 million reported in H1 2025 · SALAMA delivered a second consecutive profitable quarter, with Q2 profit after tax of AED 14.3 million, compared with AED 7.9 million a […]
SALAMA and ADIB mark next phase of longstanding bancassurance partnership Dubai, 11 August 2026: SALAMA and Abu Dhabi Islamic Bank (ADIB) have marked the next phase of their longstanding bancassurance partnership, bringing together broader Life and Wealth capabilities to support the evolving financial needs of ADIB customers. The partnership will support customers across protection, savings, education, […]
Mr. Fareed Lutfi Al Harmouzi elected Vice Chairman of the Board of Directors Dubai, UAE, 7 July 2026 – Islamic Arab Insurance Company (Salama) PSC (“SALAMA”), one of the region’s leading composite insurance providers, announced the election of His Excellency Humaid Mohammad Obaid Alqutami as Chairman of the Board of Directors. The election took place during the […]
Net profit rose to AED 14 million in Q1 2026 from AED 0.4 million in Q1 2025 Shareholders’ equity grew 40% to AED 505 million, reflecting a significantly reinforced capital base Solvency ratio increased from 76% to 159% following the successful completion of the capital raise Earnings per share (EPS) increased to AED 0.023 from […]
Capital restructuring programme completed, restoring solvency to a strong and fully compliant level AED 456 million capital reduction and AED 155 million Mandatory Convertible Sukuk deliver full balance sheet reset Over AED 420 million of legacy exposures resolved, significantly enhancing financial strength and transparency Dubai, UAE – 24 April 2026 – Salama Islamic Arab Insurance […]
Underlying net profit increased approximately 147% year-on-year on a normalised basis Capital position and solvency strengthened through disciplined balance sheet management Continued focus on sustainable underwriting profitability and long-term value creation Dubai, U.A.E. – 11 February 2026 – Islamic Arab Insurance Company (SALAMA) today announced its preliminary financial results for the full year ended 31 December 2025, reporting […]
Eshraq Investments PJSC and Humana Holding Limited to participate in SALAMA’s Mandatory Convertible Sukuk issuance, each subscribing for a maximum amount of up of AED 175,000,000 The participation reflects strong institutional confidence in SALAMA’s transformation and long-term vision to build a Dubai-headquartered national insurance champion Strategic capital to support investment in talent, new technologies, infrastructure, […]
