Dubai Islamic Insurance and Reinsurance Co.

Dubai Islamic Insurance and Reinsurance Co.

AMAN

1 week

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1 month

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3 months

-0.03 %

OverviewInsightsDisclosures

Dubai Islamic Insurance and Reinsurance Co.

Logotype for 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.
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.
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.
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.
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.
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.
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.

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