Dubai Islamic Insurance and Reinsurance Co.

Ticker/ISIN

AMAN

AED000401011

Market/Country

Dubai Financial Market

United Arab Emirates

About Dubai Islamic Insurance and Reinsurance Co.

Dubai Islamic insurance & Reinsurance Company (AMAN) (PSC) (the “Company”) is a public shareholding Company and is registered under the Commercial Companies Law of 1984 (as amended).

The Company carries out general Takaful (insurance) business in accordance with the teachings of Islamic Sharia’a. The Company is also licensed to engage in reinsurance and life Takaful business.

The Company obtained its commercial license on 12 March 2003 and commenced operations on 8 April 2003. The Company mainly issues short term Takaful contracts in connection with motor, marine, fire and engineering, general accident risks and Company life and medical risks (collectively known as general Takaful). The Company also invests in investment securities and properties. The Company’s business activities are subject to the supervision of its Fatwa and Sharia’a Board consisting of nine members appointed by the shareholders, the Sharia’a Board performs a supervisory role in order to determine whether the operations of the Company are conducted in accordance with Sharia’a rules and principles.

Latest Pressrelease Summaries from Dubai Islamic Insurance and Reinsurance Co.

Dubai Islamic Insurance & Reinsurance Company (AMAN) (P.J.S.C) has released its unaudited condensed interim consolidated financial information for the six-month period ending on June 30, 2024.

Disclosure: Financial statements for the 2n QTR of 2024

4 months ago

Dubai Islamic Insurance & Reinsurance – AMAN PJSC has scheduled a board meeting on 14.08.2024 at 6:00 PM. The agenda includes approving the minutes of the previous Board of Directors meeting (1-2024), discussing and approving the financial statements as of 30.06.2024, and addressing any other business matters. The form is signed by CEO Rached Diab on 12.08.2024.

Disclosure: BOD meeting

4 months ago

Dubai Islamic Insurance & Reinsurance – AMAN PJSC has scheduled a board meeting on August 14, 2024, at 6:00 PM. The agenda includes approving the minutes of the previous Board of Directors meeting (1-2024), discussing and approving the financial statements as of June 30, 2024, and addressing any other business matters. The document is signed by Rached Diab, the CEO, on August 12, 2024.

Disclosure: BOD meeting

4 months ago

Dubai Islamic Insurance & Reinsurance Company (AMAN) (P.J.S.C) has released its unaudited condensed interim consolidated financial information for the three-month period ending 31 March 2024.

Disclosure: Financial statements for the First QTR of 2024

7 months ago

The text discusses the consolidated financial statements of the Dubai Islamic Insurance & Reinsurance Company (AMAN) (P.J.S.C) for the year ending on 31 December 2023.

Disclosure: Financial statements for the year of 2023

8 months ago

The Dubai Islamic Insurance & Reinsurance Company (AMAN) has reported a net profit of AED 10.7 million for Q3 2023, a significant increase from a loss of AED 6.3 million in the same period of 2022. This improvement is attributed to the board of directors' strategy of divestment, selling insurance portfolios, and transitioning the company into an investment firm. Chairman Dr. Saleh Al Hashemi confirmed that the company has successfully reduced non-strategic assets, improving its financial situation. He also highlighted that shareholders' equity in AMAN has increased by 17% to AED 92 million as of September 30, 2023. The company continues to implement its strategic plan to exit the insurance business and become an investment firm.

Disclosure: Press release

a year ago

The text presents the unaudited condensed interim consolidated financial information for the Dubai Islamic Insurance & Reinsurance Company (AMAN) (P.J.S.C) for the nine-month period ending on 30 September 2023.

Disclosure: Financial statements for the 3rd QTR of 2023

a year ago

Threads

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FinanceBroAED

Commented on FinDiesels Transaction regarding Dubai Islamic Insurance and Reinsurance Co. a year ago

Hey FinDiesel, I see you're diving into Dubai Insurance. Bold move, my friend! Let's hope your portfolio doesn't need a life jacket soon!

DFM News

News Update From Dubai Islamic Insurance and Reinsurance Co. a year ago

Disclosure: Press release

1. Attached Document

DFM News

News Update From Dubai Islamic Insurance and Reinsurance Co. a year ago

Disclosure: Discussion report and analysis of the board of directors of the listed public shareholding company

1. Attached Document

DFM News

News Update From Dubai Islamic Insurance and Reinsurance Co. a year ago

Disclosure: Detailed analysis of accumulated losses

1. Attached Document

DFM News

News Update From Dubai Islamic Insurance and Reinsurance Co. a year ago

Disclosure: Financial statements for the 3rd QTR of 2023

1. Attached Document

DFM News

News Update From Dubai Islamic Insurance and Reinsurance Co. a year ago

Disclosure: Results of BOD meeting

1. Attached Document

DFM News

News Update From Dubai Islamic Insurance and Reinsurance Co. a year ago

Disclosure: Change of BOD meeting date

1. Attached Document

DFM News

News Update From Dubai Islamic Insurance and Reinsurance Co. a year ago

Disclosure: BOD meeting on 15/11/2023

1. Attached Document

QueenOfCommunication

Commented on FinanceBroAEDs Transaction regarding Dubai Islamic Insurance and Reinsurance Co. a year ago

Hey FinanceBroAED, I see you're diversifying into Financials with Dubai Islamic Insurance. Bold move, especially with no yield in 1 month. Let's hope for more daily gains like today's 0.45%!

RealEstateKing

Commented on FinanceBroAEDs Transaction regarding Dubai Islamic Insurance and Reinsurance Co. a year ago

Interesting move, FinanceBroAED. Dubai Islamic Insurance seems a solid choice. Curious about your strategy with Financials. How does it align with your Industrials holdings?

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