News
Takaful International posts strong Q2
| August 15, 2010 by Tracey Scott
Takaful International has reported a 19 per cent increase in total written insurance contributions for Q2 this year.
Total contributions reached BD9.1m (AED88.6m) compared to BD7.7m (AED75m) for the same period last year.
The total of Takaful revenues earned was BD4.3m (AED41.9m) compared to BD3.9m (AED38m) in Q2 2009, while profits achieved from Takaful operations reached BD1.5m (AED14.6m) compared to BD1.3m (AED12.7m) last year.
Younis J Alsayed, Takaful International chief executive officer, said: “Our financial results state our capability and strength in dealing with the variability of Bahrain insurance market and adapting to various financial scenarios to ensure effective market performance. We have been able to increase our share in the insurance market by implementing successful strategies and marketing plans; in addition to our commitment in providing innovative insurance services that are in compliance with our shari’a principles.”
