Abu Dhabi National Takaful Co.
AADX:TKFL6.00
AED
0.00
(0.00%)
Abu Dhabi National Takaful Co.
ADX:TKFL
(Abu Dhabi Securities Exchange)
Recent
price
6.00
P/E
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Abu Dhabi National Takaful Co. PSC is a United Arab Emirates-based Islamic insurance provider that offers a comprehensive suite of Sharia-compliant general, life, and health takaful solutions to individual, commercial, and corporate clients. Founded in 2003 and headquartered in Abu Dhabi, the company operates across the United Arab Emirates through an extensive branch network in Abu Dhabi, Dubai, Sharjah, and Al Ain. The company organizes its business operations into three primary divisions: General Takaful, Family Takaful, and Medical Takaful. The company's product and service portfolio includes General Takaful solutions comprising motor insurance with comprehensive and third-party liability coverage; property takaful covering fire, named perils, property all risks, and business interruption; engineering takaful including contractors' all risks, erection all risks, plant and machinery breakdown, and electronic equipment protection; marine takaful covering cargo, marine hull, and transit risks; liability covers including public liability, product liability, workmen's compensation, employer's liability, directors' and officers' liability, and professional indemnity; as well as energy, aviation, and specialized commercial lines. Its Medical Takaful division provides group medical schemes for corporate entities and small-to-medium enterprises alongside customized individual and family health coverage plans supported by international healthcare administrator networks. Its Family Takaful division provides individual life protection, investment-linked savings, education funds, wealth accumulation plans, group term life protection, group credit life coverage for financial institutions, and supplemental critical illness and permanent disability benefits. In recent developments, Abu Dhabi National Takaful Co. has expanded its strategic footprint by advancing its digital transformation framework, deploying end-to-end automated underwriting platforms, digital claims processing engines, and direct-to-consumer online portals for retail motor, medical, and travel lines. The company has strengthened its bancatakaful distribution partnerships with leading regional financial institutions to expand retail and commercial market reach across the United Arab Emirates. In addition, the company has completed its transition to the IFRS 17 accounting framework, reinforced its enterprise risk management architecture, maintained its excellent financial strength ratings from A.M. Best reflecting strong operating performance and balance sheet strength, and introduced enhanced corporate wellness and customized commercial takaful programs.