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Al Madina Insurance Company SAOG (commonly known as Al Madina Takaful, Arabic: المدينة تكافل) is an Omani takaful company. It was founded in 2006 as an insurance company. In 2014, the Capital Market Authority granted Al Madina a takaful license. Al Madina then converted all its insurance business to become Sharia-compliant and became the first takaful company in Oman. In 2014, Al Madina had a customer base of 37,000 policyholders.

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  • Al Madina Takaful (en)
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  • Al Madina Insurance Company SAOG (commonly known as Al Madina Takaful, Arabic: المدينة تكافل) is an Omani takaful company. It was founded in 2006 as an insurance company. In 2014, the Capital Market Authority granted Al Madina a takaful license. Al Madina then converted all its insurance business to become Sharia-compliant and became the first takaful company in Oman. In 2014, Al Madina had a customer base of 37,000 policyholders. (en)
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  • Al Madina Insurance Company SAOG (en)
name
  • Al Madina Insurance Company SAOG (en)
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assets
  • (en)
  • RO46.8 million (en)
equity
  • (en)
  • RO20.9 million (en)
foundation
industry
key people
  • (en)
  • H.E. Dr. Mohammed Ali Al Barwani (en)
  • Usama Al Barwani (en)
location city
location country
  • Oman (en)
net income
  • (en)
  • RO1.0 million (en)
products
  • (en)
  • General takaful (en)
revenue
  • (en)
  • RO23.1 million (en)
traded as
  • MSM 30 component (en)
  • MSM: AMAT (en)
type
has abstract
  • Al Madina Insurance Company SAOG (commonly known as Al Madina Takaful, Arabic: المدينة تكافل) is an Omani takaful company. It was founded in 2006 as an insurance company. In 2014, the Capital Market Authority granted Al Madina a takaful license. Al Madina then converted all its insurance business to become Sharia-compliant and became the first takaful company in Oman. After the conversion, Al Madina embarked on acquisitions to expand its operations. In 2014, it invested in a 9.5 percent stake (along with its major shareholder MB Holding) in Abu Dhabi-based takaful operator Watania for AED 17.9 million. In 2014, Al Madina had a customer base of 37,000 policyholders. (en)
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