Abu Dhabi National Takaful 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 [1] 36 million (2014) | |
Total assets | AED 632 million (2014)[1] |
Total equity | AED 212 million (2014)[1] |
Website | www |
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.[3] It is a powerful player in the UAE takaful market[4] based in Abu Dhabi, offering a range of takaful products including motor, property, general accidents, family, medical, engineering and Marine cargo coverage.[5] Its shares are traded on the Abu Dhabi Securities Exchange as TKFL.[6]
In 2014, it underwent a review of its wakala fee structure which improved the balance of earnings between the participant and shareholder funds.[4] In 2015 ADIB became a significant shareholder with a 41.7 percent interest.[7]
Recognition[]
The 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.[8]
References[]
- ^ 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
- ^ "Abu Dhabi National Takaful Company". ArabianBusiness.com. Retrieved 2020-06-08.
- ^ "Abu Dhabi National Takaful Company". Arabian Business. Retrieved 2015-08-25.
- ^ 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[]
- Official website (in English)
- Official website (in Arabic)
- Takaful companies of the United Arab Emirates
- Companies based in Abu Dhabi
- Financial services companies established in 2003
- Companies listed on the Abu Dhabi Securities Exchange
- 2003 establishments in the United Arab Emirates
- Companies established in 2003