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Takaful Concept

November 19, 2017 in Learn More 0Comments

Takaful, an Arabic word meaning “guaranteeing each other”, is the same as insurance but approved under Islamic jurisprudence or Sharia guidelines. It represents the concept of insurance based on mutual co-operation and solidarity of people by participating in a takaful…

About us

Takaful International Company, established in 1989, is the first Islamic Insurance Company in the Kingdom of Bahrain and one of the pioneering Islamic insurance companies in the Middle East. The company provides insurance coverage and services that cope with the individuals/corporations needs and the vast growing demands of the new millennium. Over the past twenty five years Takaful International was able to achieve a high ranking position and build upon a trustworthy reputation in the local and international insurance market which has enabled us to compete with elite Takaful insurance companies worldwide.

Established in 1989.
In 1998 the Takaful International Co. was re-launched. The new name reflects the company's new futuristic vision and ambition to expand its business operations within and outside the Kingdom.
Listed in the Bahrain Stock Exchange as well as a member of the Bahrain Chamber of commerce and industry.
In 2008 the company was rated (BBB) with a stable outlook from Standard and Poor's rating agency.
In 2011 Awarded Her Royal Highness Princess Sabeeka Bint Ibrahim Al Khalifa award for Women Empowerment.
In 2013 the company was rated (B++) Secure with Stable Outlook by A.M.Best Rating Company.
In 2017 Awarded eGov Best application for smart devices on private sector award.
Takaful International Co. (TIC) is a subsidiary of GIG Bahrain. Rated A- (Excellent) by AM Best with stable outlook and is one of Gulf Insurance Group’s members, the largest insurance group’s in the MENA Region.

Takaful Concept

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