Methaq Takaful Insurance Co. is a public joint stock company established to meet the general economic trends in the UAE, in general and Abu Dhabi, in particular, considering the need for the private sector to build and develop an Islamic insurance industry that is based on the teachings and principles of Islam.
Following an approval by the Abu Dhabi Executive Council and the Emirates Securities and Commodities Authority, Methaq Takaful was established and 55% of its AED150 million capital was floated for public subscription on January 26, 2008. The successful initial public offering was oversubscribed by more than 43 times with over 14,000 subscribers paying more than AED4 billion.
Methaq Takaful offers insurance products to its clients, institutions and individuals alike, in accordance with the Islamic teachings. These services include insurance policies for automobiles, air cargo, air travels, houses, medium and small-scale enterprises and many other products, before raising the bar to another unprecedented level by launching an innovative first-ever Sharia-compliant space insurance policy, for satellite risk management.Less...
Al Nahyan Camp,
Next to One to One Hotel,
Villa No. 312B,
P.O. Box 32774
United Arab Emirates