Damaan Islamic Insurance Company (Beema)
QQSE:BEMA4.40
QAR
0.00
(0.00%)
ISIN
QA000LB5T4U2
Return %
Stock
S&P 500
1Y
4.76
14.20
3Y
21.55
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Nasser Rashid Nasser Al-Misnad
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Doha Qatar
- IPO Date
- Jan 16, 2023
- Website
- beema.com.qa
- Similar Companies
- Business
- Damaan Islamic Insurance Company (Q.P.S.C.), commercially known as Beema, operates as a multi-line Islamic insurance (Takaful) company in the State of Qatar. Established in 2009 and headquartered in Lusail, Qatar, the company delivers Sharia-compliant insurance and risk-management solutions to individual, commercial, and institutional clients under a hybrid Takaful framework utilizing Wakala and Mudaraba structures. The company provides an extensive range of personal and commercial insurance solutions. Its retail product offerings include comprehensive and third-party motor insurance; residential property and homeowners insurance; individual life and family Takaful plans; travel medical and emergency assistance insurance; pleasure craft and yacht marine insurance; domestic helper personal accident coverage; and personal caravan and trailer insurance. Its corporate and commercial solutions comprise group medical and health benefit schemes; group life and group credit life coverage; engineering insurance covering contractor all risks, erection all risks, machinery breakdown, and contractor plant and equipment; commercial property insurance including fire, special perils, property all risks, and business interruption; marine cargo and hull coverage; aviation hull and liability insurance; and liability solutions including workmen compensation, employer liability, public and product liability, fidelity guarantee, money insurance, and banker blanket bond policies. Founded by leading Qatari financial institutions including Qatar Islamic Bank, Qatar Insurance Company, Masraf Al Rayan, Barwa Real Estate Company, and QInvest, Beema operates across Qatar through digital platforms and direct service channels. In recent strategic and operational developments, the company converted into a public shareholding entity and completed its initial public listing on the Qatar Stock Exchange under the ticker symbol BEMA. Beema has accelerated its digital transformation strategy by expanding end-to-end digital underwriting, policy issuance, and automated claims processing systems. Additionally, the company completed a restructuring of its founding institutional shareholding base and secured an affirmed Financial Strength Rating of A- (Excellent) from AM Best, supported by ongoing expansions in its gross written contributions and Sharia-compliant investment portfolio.