Takaful Emarat announces 3rd quarter 2017 results

08/11/2017 13:58 AST

Takaful Emarat, the DFM-listed, Shariah-compliant Life and Health Takaful provider, today announced its Q3 financial results for the nine-month period ended 30th September 2017.

Net Takaful Income up 62% to AED 77.9 million for Nine Month period ended 30 September 2017 compared to AED 48.2 million for the same period in 2016.

Takaful contributions earned for the nine months ended September 30th, increased by 28% to AED 467.8 million compared to AED 364.4 million for the comparable period in 2016 due to the expansion in the Company's distribution channels across both the Medical and Life lines of business.

Total Assets for the period under review were AED 1,008 million, 27% higher than total assets for FY 2016 of AED 793.1 million, reflecting a sustained growth trajectory.

Net profit (Investment Income and Operating Income) for the period was AED 1.4 million, up 55.5 % from the Company's H1 2017 net profit of 0.9 million reported earlier this year. This compares to Net profit of AED 11.2 million for the nine-month period in 2016 which was primarily driven by investment performance.


Press Release

News

Takaful Emarat achieves record Q3 growth, paving way for new era of transformation

14/11/2025

Takaful Emarat - Insurance (P.S.C.), a leading Shariah-compliant life and health insurance provider in the UAE, announced exceptional financial results for the third quarter of 2025, underscoring its

Gulfnews

Buy-out to create UAE's biggest Islamic insurance company

19/12/2017

Takaful Emarat has agreed a deal to buy Al Hilal Bank's takaful unit in a cash deal it said will create the biggest Islamic insurance business in the United Arab Emirates, based on 2016 figures.

Reuters

Takaful Emarat accelerates digital growth with Bayzat Alliance

19/09/2017

Takaful Emarat, the DFM-listed Shari'ah-compliant Life and Health Takaful provider has announced a strategic long-term alliance with Bayzat, a rapidly growing UAE-based technology business that provi

CPI Financial

Most Viewed Companies

Ticker Price Volume

Valuation

TAKAFULEM Sector Market
P/E
Price/BookValue

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
IHC 385.00 0.00 (0.00%)
FAB 18.46 0.62 (3.47%)
EMIRATESNBD 32.40 2.18 (7.21%)
ADCB 15.40 -0.18 (-1.16%)
ADIB 21.94 0.26 (1.19%)

Recent News

NBB plays key role as Joint Lead Manager in Bahrain's $1bn sovereign bond issue

18/06/2026

National Bank of Bahrain (NBB) acted as Joint Lead Manager and Bookrunner in Bahrain's successful $1 billion 10-year international bond issuance.

The bank's involvement reinforces its role

Trade Arabia

NBK launches rewarding cashback offers for new credit card customers

18/06/2026

As part of its firm commitment to providing a seamless and comprehensive digital banking experience, and its continuous dedication to rewarding its customers and delivering added value that meets the

Kuwait Times

Al Mohafaza Education Reschedules Interest-Free Loan with Related Party

17/06/2026

Al Mohafaza Company for Education has announced the rescheduling of an interest-free loan obtained earlier this year from Maroum Drilling Medical Services Company, a related party. The loan, valued a

Gulfbase

Dar Al Majed Real Estate Expands Presence with New Jeddah Sales Center

17/06/2026

Dar Al Majed Real Estate Company, known commercially as Al Majdiah, has announced the official opening of its new sales center in Jeddah. The facility is strategically located on King Abdulaziz Road

Gulfbase

NBB unveils Summer Cashback Campaign

17/06/2026

THE National Bank of Bahrain (NBB) has launched its Summer Cashback Campaign, offering credit cardholders the opportunity to maximise their international spending during the peak vacation season.

GDN Online

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

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