"Help one another in furthering virtue, righteousness and piety, and do not help one another in furthering evil and enmity." Sura al-Maidah, 2nd ayat.
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About Islamic Insurance

Islamic insurance is a cooperative system of support whereby a number of individuals share the risk of potential loss to any one of them. In the event of such loss occurring, the participants defray the cost incurred to that individual from the payments made by each of them and from the profits of investing those payments so that the net excess of these amounts is distributed amongst them.

In this way, Aman manages the insurance operations for the insured as their agent “Wakeel”, and invests funds on their behalf as their fund managers “Mudareb”, against a fixed fee for managing insurance operations and a share of profits for investing funds.

Wakala: is a contract between two parties by which one authorizes the other to manage and invest a certain amount of capital against a fixed charge or a specified share of profits.

Mudaraba: is a contract between two parties by which one offers a certain capital whereas the other (the Mudareb) offers his effort and experience to invest the specified capital. Profits are shared between the two parties based on a fixed agreement.

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BOD meeting on 14/11/2023
Dubai, Monday, November 13 2023