Noor Takaful

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Noor Takaful | Ethical Insurance
Public Joint Stock Company
IndustryInsurance (Takaful)
Founded2009
HeadquartersDubai, United Arab Emirates
Number of locations
3
Key people
H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman

Rajesh Sethi, CEO

Karim Khan, CFO
ProductsPersonal Takaful Business Takaful
ServicesShari'a Compliant Insurance
Number of employees
161 (July 2018)
Websitewww.noortakaful.com

Noor Takaful Family & Noor Takaful General are sister companies, established in early 2009, to provide a broad range of Islamic insurance (Takaful) general and customised insurance products and services to individuals, families, groups and companies in the UAE market. They are the first such entities to abide by the new Federal Law No. 6 of 2007, which requires life and non-life insurance businesses to be separate legal entities.

Noor Takaful has committed itself to being at the forefront of the Takaful sector in the Middle East. Its contemporary approach to Islamic insurance has seen it provide a series of innovative products and services for its customers, including Motor Takaful, Medical Takaful, Travel Takaful, Commercial Takaful and Personal Takaful supported by the GCC’s first e-Takaful service providing instant quotes and online payment facilities.

Since its launch, it has made tangible progress in consolidating its scope and reach within the UAE market and have also successfully established the Noor Takaful brand, creating a solid foundation and platform for future growth with numerous industry leading awards and the esteemed ISO 9001:2015 certification. The Noor Takaful brand is built to provide the best quality of protection through modern, flexible, state-of-the-art channels and is backed by financially strong, ‘A’ rated retakaful partners.[1]

Board of Directors

  • H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman
  • Mr. Raed Mohammad Khalifa Kajoor AlNuaimi
  • Mr. Essa Abdulfattah Kazim AlMulla
  • Mr. Edris Mohammad Rafi Mohammad Saeed AlRafi
  • Mr. Mahomed Akoob
  • Mr. Farrukh Seer
  • Mr. John Iossifidis[2]

Products

Personal

  • Medical Takaful[3]
  • Car Takaful[4]
  • Home Takaful[5]
  • Travel Takaful[6]
  • Boat Takaful[7]
  • Family Takaful[8]

Business

Corporate[9]

  • Engineering Takaful
  • Property Takaful
  • Marine Takaful
  • General Accident Takaful
  • Liability Takaful
  • Family Takaful
  • Medical Takaful
  • Fleet Takaful

SME[10]

  • Medical Takaful
  • General Takaful
  • Fleet Takaful
  • Family Takaful

Milestones

  • January 2009: Noor Takaful (Noor Takaful General) obtained license from the UAE Insurance Authority.
  • January 2009: Noor Takaful issued its first insurance (Takaful) certificate.
  • January 2009: Noor Takaful established its head office at Business Central Towers (Dubai).
  • January 2009: H.H. Sheikh Ahmed bin Saeed Al Maktoum officially launched Noor Takaful.
  • April 2009: Noor Takaful launched its first advertising campaign for promoting travel, motor, medical and marine Takaful products with the tag line ‘Because you never know what life has in store’.
  • April 2009: Noor Takaful conducted its first joint road show with its sister company, Noor Bank at the Mall of the Emirates, Dubai.
  • April 2009: Noor Takaful sponsored the World Takaful Conference 2009[11][12][13].
  • June 2009: Noor Takaful launched Noor Travel Takaful and Individual Medical Takaful products.
  • June 2009: Noor Takaful sponsored Pakistan vs Australia Twenty20 cricket matches.
  • July 2009: Noor Takaful launched its Marine Cargo and Marine Hull Takaful products.
  • September 2009: Noor Takaful jointly sponsored the Ramadan prayer timetable in the Al Emarat Al Youm newspaper with its sister company Noor Bank.
  • October 2009: Noor Takaful Launched e-Takaful and became the first online Takaful operator in the GCC.
  • October 2009: Noor Takaful Launched Motor Takaful campaign deployed over an integrated media platform.
  • October 2009: Noor Takaful jointly sponsored Leaders in Dubai 2009 with Noor Bank[14].
  • October 2009: Noor Takaful sponsored Pakistan vs New Zealand Twenty20 cricket matches.
  • November 2009: Noor Takaful launched new corporate website to support e-Takaful.
  • December 2009: Awarded Best Takaful Operator 2009 by 'Islamic Business Awards' held by CPI Financial.
  • July 2010: Awarded Best New Takaful Company and Best Takaful Marketing Campaign at the Takaful 2010 Awards[15].
  • February 2012: Awarded Takaful Insurer of the Year at the MENA region by MENA Insurance Awards[16].
  • February 2014: Awarded Best Takaful Company UAE at the International Takaful Summit.
  • November 2016: Awarded Best Takaful Operator UAE at the Islamic Business and Finance Awards by CPI Financial.
  • November 2016: Winner of the “CEO - Honour and Recognition Award” at 3rd Annual Health Insurance Conference on Innovation and sustainability at Raffles Hotel Dubai.
  • November 2016: Finalist for the 2016 MENA Insurance Awards as “Best Family Takaful – Operator”.
  • December 2016: Winner of “Strategic Partners Appreciation Award” at the Dubai Trade- 1st Strategic Partner Appreciation ceremony.
  • January 2017: Strategic Partners Appreciation Award at the Dubai Trade - 1st Strategic Partner Appreciation Ceremony.
  • February 2017: Signed Dubai Declaration on Sustainable Finance with Ministry of Climate Change.
  • March 2017: Announced as Participating Insurer (PI) by Dubai Health Authority.
  • October 2017: Received ISO 9001-2015 accreditation.
  • April 2018: Winner of yallacompare Banking and Insurance Award 2018 as the "Takaful Provider of the Year".[17]
  • April 2018: Winner of International Business Excellence Award 2018 in the “Financial Services, Banking & Investment” category.[18]

References

  1. ↑ "Noor Takaful | Islamic Insurance". www.noortakaful.com. Retrieved 2018-07-15.
  2. ↑ "Noor Takaful | Islamic Insurance". www.noortakaful.com. Retrieved 2018-07-15.
  3. ↑ "Noor Takaful | Islamic Insurance". www.noortakaful.com. Retrieved 2018-07-16.
  4. ↑ "Noor Takaful | Islamic Insurance". www.noortakaful.com. Retrieved 2018-07-16.
  5. ↑ "Noor Takaful | Islamic Insurance". www.noortakaful.com. Retrieved 2018-07-16.
  6. ↑ "Noor Takaful | Islamic Insurance". www.noortakaful.com. Retrieved 2018-07-16.
  7. ↑ "Noor Takaful | Islamic Insurance". www.noortakaful.com. Retrieved 2018-07-16.
  8. ↑ "Noor Takaful | Islamic Insurance". www.noortakaful.com. Retrieved 2018-07-16.
  9. ↑ "Noor Takaful | Islamic Insurance". www.noortakaful.com. Retrieved 2018-07-16.
  10. ↑ "Noor Takaful | Islamic Insurance". www.noortakaful.com. Retrieved 2018-07-16.
  11. ↑ "300 Insurance leaders gather to lay new foundations for growth of Takaful Industry in the context of the global economic crisis", Zawya, UAE, 13 April 2009
  12. ↑ Benham, Jason (15 April 2009), "Islamic insurance to grow up to 40 percent", Reuters, UAE
  13. ↑ Burns, Carrie (15 April 2009), "E&Y: Takaful Market to Grow Significantly", Insurance Networking News, UAE
  14. ↑ "GCC execs in for a reality check at Leaders in Dubai Business Forum", MENAFN, UAE, 26 October 2009
  15. ↑ "Noor Takaful Awarded the "Best New Takaful Company" And "Best Takaful Marketing Campaign" At The 4th International Takaful Awards 2010". Middle East Events. July 20, 2010.
  16. ↑ Byrne, Michael (February 2, 2012). "Noor Takaful named Takaful Insurer of the Year in the MENA region". SME Advisor.
  17. ↑ "Noor Takaful | Islamic Insurance". www.noortakaful.com. Retrieved 2018-07-15.
  18. ↑ "Previous Winners". ibxawards.com. Retrieved 2018-07-15.

External links

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