Dar Al Takaful PJSC was established in 2008 with a paid-up capital of AED 150 Million as an Islamic Insurance company based in Dubai providing Sharia compliant solutions for our clients’ insurance needs.
Dar Al Takaful PJSC is a local insurance company that is innovative, professional and principled.
Corporate decision making is in close proximity to catch the needs and wants of our clients. Dar Al Takaful’s client’s insurance needs and expectations are addressed potentially with tailor made ethical solutions.
This commitment to our clients is backed up by a strong group of investors who provide the support and solid financial foundation that allows them to feel safe and secure no matter what line of business.
As an Islamic Insurance company in the UAE, Dar Al Takaful PJSC’s business operations are Sharia compliant and this aspect is overseen by a distinguished Fatwa and Sharia Supervisory Board.
Securing peace of mind … mutually
A founding member of the Advanced Dubai Police Apparatus, he is a pioneer in change management and modernization of the […]Read more
Shahab earned a Bachelor’s degree in Business Administration from Boston University, USA. And an MBA from Cass Business School in […]Read more
Dr. Mohammed Sharaf was appointed Group CEO of DP world when the global port operator was formed in 2005 with […]Read more
An ardent banker with over 21 years of experience in the financial industry. She currently holds a position as the […]Read more
A holder of a Master of Science degree in Administrative studies from Boston University, among other qualifications, he has served […]Read more
A widely-traveled professional, he has worked in the shipping field in Germany, Hong Kong and the UAE with a special […]Read more
Having been thrust into high profile roles from an early age, he is no stranger to leadership and heavy responsibilities. […]Read more
Takaful is an Islamic Insurance concept and is a Sharia compliant mutual risk sharing arrangement, involving “Participants” and “Takaful Operators” in lieu of the traditional terms “Insured” and “Insurer”.
Typically, Takaful i.e Islamic Insurance is based on certain defined rules and processes in line with the Sharia (Islamic Jurisprudence) principles such as the Wakala and Mudaraba models and rules governing investment and management of funds.
The contributions collected from the participants are considered donations (Tabarru’) and they form the Takaful Fund. It is from this fund that all claims are reimbursed. The operational expenses of the Takaful Operator are paid by a portion of the Participant’s Contribution called the Wakala Fees.
The difference between Takaful and conventional insurance rests in the way the risk is assessed and handled, as well as how the Takaful fund is managed.
Up to the mid 1990’s, the Takaful model of insurance was practiced by just a handful of companies. Over the last decade, there has been an increase in the number of players and the world of Takaful Insurance has grown substantially strong, both professionally and competitively. Dar Al Takaful aims to be a leader in this segment, locally and regionally, by delivering value-added services built on sustainable lasting relationships within the Sharia compliant framework.
Chief Executive Officer
A Chartered Accountant and Chartered Insurer with over 33 years of experience in the insurance industry, the last 25 years […]Read More
Chief Financial Officer
Chartered Accountant – Institute of Chartered Accountants of India; MBA with specialization in Finance Strategy – XLRI, Jamshedpur (India). Mr. […]Read More
Senior Vice President – Retakaful, Claims and Legal
Mr. Rajaram has over 4 decades of technical and techno-marketing experience in the General Insurance field, including reinsurance and re-takaful, […]Read More
Senior Vice President – Technical
An MBA and a Fellow of the Insurance Institute of India, Mr. Ajai has over 35 years of experience in […]Read More
Vice President of Medical and Actuary
Sandeept has more than 25 years of experience in Life and Health insurance leading both commercial and technical teams and […]Read More
Head-Key Accounts and Bancatakaful Board Secretary
Mr. Sharaf holds a Bachelor degree in finance from the American University of Dubai and has joined Dar Al Takaful […]Read More
Head- Corporate Communications and Digital Marketing Head- Human Resources and Admin
Hands-on experience in corporate communications and digital marketing, currently, Ms Rawdha is managing both the HR and Corporate Communications of […]Read More
Ms. Hessa holds a Bachelor’s degree in financial services from Higher Colleges of Technology, started as an accounting office in […]Read More
Head of Digital Transformation and Organizational Development
Mr. Raj is an insurance professional with over 34 years of experience in the industry. Prior to Dar Al Takaful […]Read More