"Help one another in furthering virtue, righteousness and piety, and do not help on another in furthering evil and enmity." Sura al-Maidah, 2nd ayat.
Need Help?
800 49 98
Gulf Towers, Oud Metha
Dubai, UAE
08:00 am – 04:00 pm
Mon - Fri
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.

News
Interim condensed consolidated financial statements for the 1st QTR of 2022 (DRAFT)
Dubai, Tuesday, May 17 2022
Resolutions of General Assembly
Dubai, Friday, May 06 2022
Postponing General Assembly for the lack of quorum to 05/05/2022
Dubai, Sunday, May 01 2022
Nominees for Board of Directors Membership
Dubai, Monday, April 25 2022
Opens the nominations for BOD membership
Dubai, Monday, April 11 2022