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 […]
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, […]
Dubai, UAE – November 12, 2025 – Islamic Arab Insurance Company (SALAMA) today announced its financial results for the nine months ended 30 September 2025, highlighting continued balance-sheet strengthening, improved comprehensive income, and steady underlying profitability in line with its transformation and recapitalisation strategy. SALAMA recorded a net profit of AED 11.1 million for the […]
Dubai, UAE – October 23, 2025 – Islamic Arab Insurance Company (Salama) (DFM: “SALAMA”), has announced the appointment of Essa Ali Bin Salem Alzaabi as Chairman of the Board of Directors, marking a new chapter in the company’s transformation and growth journey. Mr. Alzaabi brings more than two decades of leadership experience across the public and […]
Dubai, UAE – October 17, 2025 – Islamic Arab Insurance Company (Salama) (DFM: “SALAMA”), one of the UAE’s leading Takaful providers, has announced that the Company’s shareholders have approved a capital reduction and subsequent capital increase as part of a comprehensive plan to restore solvency and reinforce its financial position in line with regulatory requirements of […]
Dubai, August 08, 2025 – Salama (DFM: “SALAMA”), a leading regional Takaful provider, today announced its interim consolidated financial results for the six-month period ended June 30, 2025. The Company reported a positive profit in the first six months of 2025 and continued strengthening of its balance sheet, driven by a significant rebound in profitability during […]
This collaboration enables wider reach for Salama’s trusted Shariah-compliant life insurance offerings with Policybazaar.ae’s extensive digital footprint to accelerate awareness and adoption among UAE residents. Dubai, UAE – 17 July 2025 – In a landmark move to increase life insurance penetration in the UAE, Salama (DFM: “SALAMA”), one of the world’s largest and longest-established Shariah-compliant […]
