GulfBase Live Support
03/03/2009 00:00 AST
Salama-Islamic Arab Insurance, the Islamic insurance (Takaful) companies has recorded an increase of 74 per cent growth in the premium revenue in 2008.
Dr. Saleh Malaikah, Vice-Chairman & CEO of SALAMA said: “The premium growth in UAE can be attributed to the
increasing awareness of the benefits of Shariah compliant insurance.”
Meanwhile, the Takaful has made some key reorganisation in its top level management. The reorganisation is part of a major shake-up of the business as it registers increase in customer base and premium collection.
“This change is part of SALAMA’s growth strategy to become a major player in the UAE market and a customer focused organisation. The reorganisation would provide us with a bigger part of a market that’s still growing despite the shortfall of liquidity, while the new talent will bring fresh perspective into the boardroom”, Malaikah said. Noel D’Mello said:“ Its been lucky to have a professional and enthusiastic team supporting me and in my new role I plan to take the business to greater heights. My sincere thanks go out to the excellent Distribution Partners who support us in distributing the Family Takaful products across the UAE and I look forward to supporting them even more in my new role.”
Khaleej Times
06/06/2011
Dubai-based Islamic Arab Insurance Company (Salama) reported net profit of AED 30.7 million ($8.36 million) for Q1 2011, a significant y-o-y and q-o-q improvement from a net loss of AED 4.4 million (
CPI Financial
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
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
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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
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
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
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
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