Al Madina Takaful announces Wakala fees for 2015

11/01/2015 08:13 AST

Al Madina Takaful Co announced on Thursday the Wakala fees and Mudharaba percentage for the fiscal year ending December 31, 2015.

The company operating as the Wakeel of the policyholders fund proposed to charge Wakala fee on the net revenue of the company. The aggregate Wakala fee for the year 2015 shall be 20 per cent of the gross written contribution for all contributors’ in general takaful funds and family takaful funds, the company said in its filing to Muscat Securities Market.

Regarding Mudharaba percentage, Al Madina Takaful operating as the Mudharib of the policyholders fund will charge a Mudarib fee of 70 per cent of the net profits generated from the investment of the policyholders fund.


Muscat Daily

News

Al Madina Takaful names new CEO

22/01/2018

Al Madina Takaful, Oman’s first Takaful insurance provider, announced the appointment of Usama Al Barwani as chief executive officer (CEO) of Al Madina Takaful at the board meeting.

Al Bar

Times of Oman

Al Madina Takaful launches newsletter for stakeholders

10/02/2015

Dr Mohammed Al Barwani, Chairman, Al Madina Insurance Co. unveiled the inaugural issue at a ceremony. The quarterly newsletter, promises to serve as a communication and listening platform for the com

Oman Daily Observer

Al Madina Takaful launches Motor Prestige insurance

16/09/2014

Al MadinaTakaful has launched Al Madina Motor Prestige, a unique car insurance scheme exclusively for premium and luxurious cars yesterday. Motor Prestige promises not only to be a motor insurance co

Oman Daily Observer

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941
ALAWWAL 12.10 172,934
SABB 30.52 234,993

Valuation

AMAT Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
NLIF 0.32 0.00 (0.00%)
OTEL 0.88 0.00 (0.00%)
ORDS.MSM 0.50 0.00 (0.00%)
SSPW 0.24 0.00 (0.00%)
PHPC 0.14 0.00 (0.71%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap