Abu Dhabi National Takaful Co.

Abu Dhabi National Takaful Co. TAKAFUL-ISLAMIC INSURANCE The shareholders are rewarded with a percentage of the profit on these investments.

is founded on the cooperative principle and on the principle of separation between the funds and operations of shareholders, thus passing the ownership of the Takaful (Insurance) fund and operations to the policyholders. The premiums collected from the policyholders are considered as donations and they constitute the Takaful fund from which all claims are reimbursed. At the end of each financial y

ear, after deduction of expenses, any remaining cash surplus will not be retained by the company or its shareholders, but returned to the policyholders in the form of cash dividends or distributions. In this respect, Takaful business is different from the conventional insurance in which the policyholders, rather than the shareholders, solely benefit from the profits generated from the Takaful and Investment assets. The Investment assets representing the Takaful fund that accumulate over the retained reserves, surpluses and provisions are invested by the shareholders who manage the company on behalf of the policyholders.

Address

3rd Floor-ADIB Building-Baynanah Street/Abu Dhabi-UAE
Abu Dhabi
35335

Telephone

+971 2 4107 700

Website

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