About Takaful Emarat
Takaful Emarat is a Dubai-based Islamic insurance company listed on the Dubai Financial Market. It provides takaful, the Sharia-compliant alternative to conventional insurance.
In takaful, participants contribute to a shared fund that is used to support members who suffer a loss. The takaful operator manages the fund for a fee, and any surplus may be shared with participants. This structure is designed to avoid elements that conflict with Islamic principles, such as interest and excessive uncertainty.
Takaful Emarat has focused on health and life products, including medical insurance for individuals and groups, family takaful, which works similarly to life insurance, and savings and protection plans.
Health takaful is particularly relevant in the UAE, where medical insurance is mandatory for residents in many emirates and employers must cover their staff.
Demand for Islamic insurance comes from Muslim customers who prefer products that align with their beliefs, as well as from others who find the cooperative model appealing.
Takaful operators in the UAE are regulated by the Central Bank and must have Sharia supervisory boards.
Startups UAE lists Takaful Emarat among the UAE's takaful providers.
In takaful, participants contribute to a shared fund that is used to support members who suffer a loss. The takaful operator manages the fund for a fee, and any surplus may be shared with participants. This structure is designed to avoid elements that conflict with Islamic principles, such as interest and excessive uncertainty.
Takaful Emarat has focused on health and life products, including medical insurance for individuals and groups, family takaful, which works similarly to life insurance, and savings and protection plans.
Health takaful is particularly relevant in the UAE, where medical insurance is mandatory for residents in many emirates and employers must cover their staff.
Demand for Islamic insurance comes from Muslim customers who prefer products that align with their beliefs, as well as from others who find the cooperative model appealing.
Takaful operators in the UAE are regulated by the Central Bank and must have Sharia supervisory boards.
Startups UAE lists Takaful Emarat among the UAE's takaful providers.