Revenue 266 million AED (2014) Net income 36 million AED (2014) Total equity 212 million AED (2014) | Traded as ADX: TKFL Products General takaful Founded 16 November 2003 Total assets 632 million AED (2014) | |
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Key people Khamis Buharoon (Chairman)Osama Abdeen (CEO) | ||
Abu Dhabi National Takaful Company PSC (Arabic: شركة أبوظبي الوطنية للتكافل ش.م.ع.; known simply as Takaful, تكافل, or ADNTC) is a takaful company based in Abu Dhabi, United Arab Emirates. Its shares are traded on the Abu Dhabi Securities Exchange.
The company was established in 2003; its founding members include Abu Dhabi Islamic Bank (ADIB) and Abu Dhabi Investment Company. As of 2015, ADIB is a significant shareholder in the company with a 41.7 percent interest.
ADNTC is a significant player in the UAE takaful market. It offers a range of takaful products including motor, property, general accidents, family apart from medical, engineering and Marine cargo coverage. In 2014, it underwent a review of its wakala fee structure which improved the balance of earnings between the participant and shareholder funds.
The company has won various awards including 'Best Bancatakaful Operator Middle East' at the International Takaful Summit 2012, 'Takaful Operator of the Year' in the Middle East by INSUREX Conference & Awards in 2012 and 2013, and 'Takaful Insurer of the Year' for MENA at the MENA Insurance Review (MENAIR) Insurance Awards 2014.