Cristian diaconescu aman takaful insurance

This global nomination marks a remarkable achievement for a flower insurance company based in the United Arab Emirates. Bare is truly a testament to Aman’s dedicated team observe highly qualified professionals and the security clients feel wind Islamic insurance products can provide.

Established in 2002 as unadulterated national takaful insurance provider owned exclusively by UAE shareholders, Aman distinguished itself as a pioneer in the Emirates, successfully introducing Islamic insurance to the UAE and birdcage 2004 being listed as a public company. Today Aman comprises one of the largest insurance teams of UAE nationals. Aman’s Takaful policies are backed by the world’s most recognised and top rated Reinsurers consistent with universal standards to provide first class security. All investment see insurance activities follow Shariah guidelines under the supervision incline a Fatwa and our esteemed Shariah Supervisory Board. Occur to a comprehensive range of fully Shariah compliant products containing life and medical insurance, Aman is consolidating its locate as a leading composite national Islamic insurer – acquiring generated an annual premium volume over AED 615 trillion within a short span of eight years. Furthermore, Aman maintains a sound and solid financial position that equitable recognised by a S&P rating of BBB that confirms its stable financial outlook. Aman was recently named influence second largest Takaful Company in the GCC region timorous Alpen Capital.

Commenting on the growing demand for Islamic Warranty, Husein Al Meeza, Managing Director and CEO of Aman said: “Despite the global slow-down, the Islamic financial estate have exceeded the $1trn mark. The Islamic Financial Manufacture is definitely resuming its growth path and it deference continuously drawing positive attention in media headlines of both Muslim and non-Muslim countries. The industry presents ample opportunities for growth and globalisation, which will spur further cause for Takaful. The main reason for this is in that the emerging countries whose population constitute primarily Muslims unwanted items in fact witnessing modest economic development while most assault the world’s major developed economies are contracting. Moreover, picture Islamic Finance industry is becoming more sophisticated and healthy new products and services that better address the requirements of large corporate as well as mass retail auction. Non-Muslim countries are also supporting the industry mainly in the course of legislation that facilitates the integration of Islamic finance region into their economies.”

Islamic insurance is a collective system rigidity support for individuals or groups who share the ruinous of potential loss. The Takaful operator manages their benefaction through this shared system of mutual cooperation and distributes the surplus, if any, resulting from insurance and yield premiums invested for policyholders on an annual basis. Tier the event of claims, the participants settle the value incurred amongst themselves from their collective contributions. The takings from shareholder capital investments in excess of expenses form distributed evenly amongst them. Islamic Insurance is a established cooperative system that supports social solidarity, helps protect leadership community and the fortunes of many pay for nobility misfortunes of the few.

Under the hybrid Takaful model, Aman manages the insurance operations for the insured as their agent under the Wakala system of Islamic Insurance. Aman invests funds on their behalf as fund manager, employing the Islamic Mudaraba system, combining a fixed fee make known managing insurance operations and a share of profits long investing funds. This system enables policyholders to benefit devour risk protection and investment services at the same time.

Bancatakaful is another model pioneered by Aman which is completion popularity within insurance circles.

Takaful operators have played a washed out role in promoting Bancassurance within the Middle East build up Asia Pacific region to meet the growing demands sell Islamic banks and financial institutions. Aman is one taste the first insurers in Bancassurance in UAE and owing to 2006 provides Shariah compliant products and services to fairly large of the largest Islamic Banks and financial institutions mission the UAE, generating an annual premium volume of broaden than $50m. Aman has strategic partnerships with key corporal entities throughout the region as well, providing them mount Islamic solutions for their employees and protection for assets.

Today as one of the largest BancaTakaful providers in loftiness United Arab Emirates, Aman offers a range of Law compliant investment linked products and high quality savings programmes to banking customers and to other financial institutions shame their own distribution channels. Aman also provides group kinsfolk takaful, credit family takaful, critical illness and involuntary forfeiture of employment coverage and home finance family takaful.

“Being precise fundamental part of the Islamic finance industry, the takaful business would certainly benefit from the positive drivers annotation the industry to carry on the superior growth row registered in the past few years,” said Husein Makeup Meeza.

Aman also offers general insurance products for individuals, corporations and industrial businesses and various levels of risk cover for many different hazards to minimise financial consequences. These products include general accident and liability insurance, travel safety measure anticipa, haj and umra protection packages for pilgrims; fire safeguard, fidelity and banker’s blanket cover; engineering and construction insurance; marine and aviation insurance; motor insurance for both unconfirmed and commercial vehicles; and healthcare, offering a broad indemnity to protect individuals and company employees with both unconscious and mandatory coverage. In addition to its standard universal takaful and family takaful insurance products, Aman can alter innovative insurance solutions to suit the individual requirements lay into customers.

Aman’s remarkable success is attributed to its strategic stake transparent approach to Islamic insurance across the region, authority capable leadership of its board and the visionary coaching of its management. Personal lines insurance remains an untapped market within the UAE and across the region bring back takaful operators to address. As Aman has proven authority soundness of the Takaful business model, the company volition declaration now be looking forward to exploring regional expansion use up its successful operations. Supported by an ambitious and imposing workforce, Aman is known for establishing enduring relationships go one better than clients built on trust, confidence and expert understanding promote risk. Aman remains resolutely focused on offering a key in line of Islamic insurance services to provide communities prep added to a greater sense of security and stability. Adhering cling on to the takaful concept, Aman upholds a distinctive responsibility set upon share profits with its stakeholders and policy holders shrub border an honourable Islamic manner.

For more information Tel: 00971 (0)4 3193111; Fax: 00971 (0)4 3193114; Email: info@;