1. Corporate Presentation

2. Dar Al Takaful
Dar Al Takaful PJSC was established in 2008 with a paid up capital of AED 100 Million
Listed in Dubai Financial Market (DFM)
Promoter and major shareholder is Mawarid Finance (an AED 1bn capitalized Islamic Finance Company)

3. Mission and Vision
Mission
To deliver innovative Takaful products and value-added services built on sustainable lasting relationships within a Shariah compliant framework.
Vision
To be a leading Takaful company providing beneficial Takaful solutions to the public, supported by a solid financial foundation.

4. Board of Directors Major General Abdulaziz Al Bannai (Rtd.) Chairman
Ali Humaid Al Owais
Member
Salah Ibrahim Sharaf
Yagub Bin Eisa Bin Nasser Al Serkal Member
Osama Ibrahim Siddiqi Member
Shehab Lutfi Member
Saleh Al Hashimi Managing Director

5. Fatwa and Sharia Supervisory Board
Dr. Shaikh. Mohammed Abdul Rahim Al Olama
Chairman
Dr. Mohamad AkramLaldin
Member
Shaikh. Esam M. Ishaq

6. The Management Saleh AlHashimi (Managing Director)
More than 16 years of experience in various managerial/ senior management positions - National Bank of Dubai (now Emirates NBD) in various positions; 5 years in Mawarid Finance (Founder, Board Member & Dy. CEO/Co-Managing Director)
Abdul Salam Ali (Chief Finance Officer)
More than 32 years of experience in various managerial/Senior Management positions - Oman Insurance, Leader Capital; Al Rajhi Takaful
K.G.Rajaram (Senior Vice President - Retakaful & Corporate Strategy)
More than 35 years of experience in Technical/Techno-Marketing – New India Assurance, General Accident – Commercial General Union, RSA, NGI , AMGI, OQIC, Muscat

7. The Management Ajai Kumar Panicker (Senior Vice President – Technical)
More than 30 years in the Insurance Industry in Managerial/Senior Management positions - Methaq Takaful, Axa Insurance, Allianz Saudi Fransi, Gulf Union Insurance & Reinsurance Co., National Insurance Co.
Ayman Lidawi (Head of Sales)
A well qualified and seasoned professional with a total of 14 Years Experience in insurance industry in Dubai - Al Fujairah National Insurance & Dubai Islamic Insurance & Reinsurance Co. (AMAN)
Dr. Beena Nair (Head – Medical Insurance)
Over sixteen year’s experience in leading the Medical & Life Insurance business at Arabian Scandinavian Insurance Co., PLC ,Dubai Involved in all facets of the business including Business Development, Reinsurance, Underwriting , Claims and Network Management.

8. Net Contribution (premium) Participant (Insured)
Takaful Model
Our Takaful Model combines Wakala (for underwriting) and
Mudharaba (for investments) 14
Net Contribution (premium)
Participant (Insured)
Takaful Operator
(Dar Al Takaful)
Shareholders’
Fund
Wakala Fee
(as % of contribution)
Management
Expenses
Benefits
(Claims)
Reinsurance
Reserves
Participant’s
Investments
Investment
profits
Surplus
or Deficit
Participant Takaful Fund
If deficit in Participant
Takaful Fund: Takaful Operator makes Interest Free Loan (repaid
by future surplus)
Performance fee
(Mudabarah)
Manages the
Participant
Takaful Fund
Our Takaful Model combines Wakala (for underwriting) and
Mudharaba (for investments)

9. Dar Al Takaful’s Strength
Managed by a team of professionals with wealth of experience
Backed by highly rated Re-Takaful companies
A robust, market tested, IT System
Well diversified distribution channels
Tailor made products

10. Managed by a team of professionals with wealth of experience
Underwriting Guidelines
Policies and Procedures
Risk Management Approach – Pre Risk Surveys
Highly Analytical and Actuarial Approach to Motor & Medical Underwriting
Motor Tariff Factors – Sum Insured, Age of Driver, Driving Experience, Vehicle Make, Model and Age, Nationality, Repair Condition.
Underwriting

11. Backed by highly rated Re-Takaful companies
Panel of Reinsurers, among others, include:
GIC of India -  Rated A-(Excellent) by A.M. Best
SCOR – Rated A+ by S & P
Hannover Re – Rated AA- (Very Strong) by S & P, A+ (Superior) by A.M. Best
R+V, Germany – Rated AA- by S & P
Generali, Italy – Rated A by A.M. Best
Munich Re – Rated A+ by A.M. Best, AA- by S & P
Partner Re – Rated A- by S & P
Sirius, London – Rated A by A.M. Best
Lloyd’s of London – Kiln Syndicate – Rated A+ by A.M. Best
Backed by highly rated Re-Takaful companies

12. A robust, market tested, IT System
State of the art online portal – e-Bab
For various channels like B2B (Brokers, agents, banks, rent a car companies, affinity groups, car dealers, fleet clients)
B2C (Direct Customers)
In House employees
It facilitates high level of automation of underwriting process for various products enhancing overall efficiency and productivity
e-Bab

13. A robust, market tested, IT System
Customised Schemes for Corporate clients
Referral and Secondary Tariff facilities.
Facility for Non-Financial Endorsements.
Facility to print policy related documents for all kinds of Policies and Endorsements.  
Promotion for Free Travel Policies along with Motor policies and discount for Motor policies.
Facility for Endorsements request and Claims intimation.
Vehicle details query from Traffic systems.
s facility for alerting customers on important events related to  Quotations\Policy.
Online Portal – e-Bab

14. A robust, market tested, IT System

15. A robust, market tested, IT System
Robust and fully Integrated Core system Premia to allow seamless flow of information across enterprise.
A State of the art Data Center which is supporting 5 branches.
Highly Secured Network
About to roll out a Mobile App for providing B2C services to Clients through Mobile
Currently implementing a full fledged Call Center for better Customer Servicing
Adopting the best Practices in the IT industry to provide high quality IT services
Having the best IT Policies & Procedures in place
IT Strength and Capabilities

16. A robust, market tested, IT System
Products with end to end Quotation/Policy issuance facility with automated tariff are :
Motor Comprehensive and TPL Products.  
Premium Motor takaful for high value vehicles.
Tailor made Schemes for various Brokers and Corporate Clients.
Standard Travel (Terhal) and Hajj & Umrah.
Marine Individual and Certificates.
Home Contents.
SME (Six variants)
IT Strength and Capabilities

17. A Wide Array of Products
Motor Vehicle Takaful
Medical Takaful
Fire & Property Takaful
Homeowners & Householder’s Takaful
Marine cargo & Inland Transit
Marine Hull Takaful
Workmen Compensation Takaful
Employer’s Liability Takaful
Contractors All Risk Takaful
Erection All Risk Takaful
Public Liability Takaful
Personal Accident Takaful (Group & Ind)
Travel Takaful
Electronic Equipment Takaful
Money Takaful

18. A Wide Array of Products
Al Masa
Mumtaz
Khaas
Third Party Liability
TPL, Fire & Theft
Motor Fleet
Motor Schemes
Commercial
Corporate
General Cartage
Rental
Trade Plate
Motor Campaigns
Motor Takaful - Tailor Made Products

19. Motor Takaful Platforms
Motor Quick quote (B2C) from company website.
eBab (B2B) for Brokers and Agents
Premia (core – back office)
Mobile Application

20. Dar Al Takaful’s Major Clients
Al Owais Group, Al Serkal Group ,Mustafa bin Abdullatif, Abdulsalam Al Rafi Group, Sheikh Mohammed bin Rashid Housing Program, Al Rais Group and more …

21. Claim Service – At customers service
Dar Al Takaful’s Claims Department is equipped to handle customer’s claim requirements with care, professionalism and in a timely manner. The Claims Center located in the heart of the city in Al Khaimah Building, Deira. Our staff with vast knowledge of claims servicing and in the Takaful industry and UAE markets.

22. Thank you
800-Takaful