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Future Prospects
After being introduced in various Islamic markets across the world, the Takaful business proved its viability in a short span of two decades.
In Kuwait, due to the demands of an open market policy and competition, the Takaful insurance sector witnessed the incorporation of numerous companies in a short period of time. Ever confident of its portfolio of products, Al-Muthanna believes that a competitive environment will only contribute to the interest of clients and encourage the development of advanced insurance products and services.
On a strategic level, Al-Muthanna has taken up an extensive expansion exercise on the local level by
opening new branches to cover all the six governorates of Kuwait. This expansion is in line with the
company’s short-term strategic objectives and goes in parallel with the development of new and advanced insurance products that meet both, individual and corporate needs.
In the long - term, Al-Muthanna aspires to fulfill the following objectives:
- Play a major role in creating insurance awareness of the highest standards
- Meet shortages in the industry such as unavailability of technical staff
- Encourage the construction of specialized Takaful Insurance Organization such as International
Supervisory Board Committee
- Activate the cooperative and Takaful Insurance Association
- Contribute to the development of insurance laws and legislations in Islamic countries
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