Abu Dhabi National Takaful Company PSC (Arabic: شركة أبوظبي الوطنية للتكافل ش.م.ع.) -- known simply as Takaful, تكافل, or ADNTC -- was established in 2003[2] by the Abu Dhabi Islamic Bank (ADIB) and Abu Dhabi Investment Company.[2] It is a powerful player in the UAE takaful market[3] based in Abu Dhabi, offering a range of takaful products including motor, property, general accidents, family, medical, engineering and Marine cargo coverage.[4] Its shares are traded on the Abu Dhabi Securities Exchange as TKFL.[5]
| Company type | Public |
|---|---|
| ADX: TKFL | |
| Industry | Takaful |
| Founded | 16 November 2003 |
| Headquarters | , United Arab Emirates |
Key people |
|
| Products |
|
| Revenue |  AED 266 million (2014)[1] |
| AED 36 million (2014)[1] | |
| Total assets | AED 632 million (2014)[1] |
| Total equity | AED 212 million (2014)[1] |
| Website | www |
In 2014, it underwent a review of its wakala fee structure which improved the balance of earnings between the participant and shareholder funds.[3] In 2015 ADIB became a significant shareholder with a 41.7 percent interest.[6]
Recognition
editThe company has won various awards including 'Best Bancatakaful Operator Middle East' at the International Takaful Summit 2012, 'Takaful Operator of the Year' in the Middle East by INSUREX Conference & Awards in 2012 and 2013, and 'Takaful Insurer of the Year' for MENA at the MENA Insurance Review (MENAIR) Insurance Awards 2014.[7]
References
edit- ^ a b c d Annual Report 2014 (PDF), Abu Dhabi National Takaful Company PSC, 2014-12-31, archived from the original (pdf) on 2015-09-24, retrieved 2015-08-24
- ^ a b "Abu Dhabi National Takaful Company". ArabianBusiness.com. Archived from the original on 2015-09-05. Retrieved 2020-06-08.
- ^ a b "A.M. Best Revises Outlook to Positive for Abu Dhabi National Takaful Company P.S.C." A. M. Best. 2015-08-13. Retrieved 2015-08-25.
- ^ "Takaful earnings rise 16.5% in first quarter". Khaleej Times. 2015-05-15. Retrieved 2015-08-25.
- ^ "TKFL Stock Price | Abu Dhabi National Takaful Co. P.S.C. Stock Quote (Abu Dhabi Securities Exchange)". marketwatch.com. Retrieved 2020-06-08.
- ^ "Major Shareholder". Abu Dhabi Securities Exchange. Retrieved 2015-08-25.[permanent dead link]
- ^ "Abu Dhabi National Takaful Co. P.S.C Receives the 'Takaful Insurer of the Year' Award at the MENAIR Insurance Awards 2014". Abu Dhabi National Takaful Company PSC. 2014-01-20. Retrieved 2015-08-23.
External links
edit- Official website (in English)
- Official website (in Arabic)