| Welcome to Al-muthanna Takaful Insurance Co.
Al-Muthanna Takaful Insurance Company was incorporated in 2007 as a Kuwaiti shareholding Co. (closed) with a declared capital of KD 10 million. Established with the objective to provide professional insurance services befitting the developments in the Islamic insurance market.
Takaful is meant to perform all business insurance and cooperation activities in line with Islamic Shariah principles. Al-Muthanna Takaful Insurance Company is equipped to provide both, qualitative and quantities insurance products and services to meet the needs of the burgeoning Islamic market.
- The Company offers insurance products and services to meet the needs of developed Islamic eloped market.
- The Company is distinguished in the market by its comprehensive suite of innovative and professional insurance policies that cover the entire spectrum of insurance.
- The Company undertakes only Shariah Compliant business and insurance surpluses are distributed in accordance with pre-agreed ratios as per Takaful Agreement.
Likewise, surpluses or losses are collectively shared. The Takaful system has a built-in mechanism to counter any overpricing policies of the insurance companies because whatever maybe the premium charge, the surplus will go back to participants in proportion to their contributions.
Al-Muthanna declared capital constitutes a major defense line against losses till legal and technical reserves are available.
|
