Salama (company)

Islamic Arab Insurance Company (Salama)
Public
Traded as DFM: SALAMA
Industry
Founded 29 April 1979 (1979-04-29)
Headquarters Spectrum Building
Oud Metha, Dubai, United Arab Emirates
Key people
  • Sheikh Khaled bin Zayed Al Nahyan (Chairman)
  • Saleh J. Malaikah (Vice Chairman & CEO)
Products
  • Family takaful
  • General takaful
Revenue Decrease AED 0,731 million (2014)[1]
Increase AED 00,37 million (2014)[1]
Total assets Decrease AED 3,592 million (2014)[1]
Total equity Increase AED 1,173 million (2014)[1]
Subsidiaries
  • Best Re
Website www.salama.ae

Islamic Arab Insurance Company (Arabic: الشركة الإسلامية العربية للتأمين‎‎; commonly known as Salama, سلامة) is a takaful company based in Dubai, United Arab Emirates. The company and its subsidiaries operates in the UAE, Algeria, Egypt, Senegal, and Saudi Arabia.[2]

Salama was founded in 1979 and is listed on the Dubai Financial Market.[3] It is one of the leading takaful companies in the region, offering products in family and general takaful.[4] Its subsidiary, Best Re, is one of the largest retakaful companies in the world.[5][6]

The company won Best Takaful Company (Middle East) at the 2012 International Takaful Awards.[7]

References

  1. 1 2 3 4 Annual Report 2014 (pdf), Islamic Arab Insurance Company, 2014-12-31, retrieved 2015-08-28
  2. ↑ "TEXT-S&P affirms Salama/Islamic Arab Insurance Co. and BEST RE rtgs". Standard & Poor's. 2012-12-21. Retrieved 2015-08-28.
  3. ↑ "Islamic Arab Insurance Company". Arabian Business. Retrieved 2015-08-28.
  4. ↑ "Salama marks 30 years of excellence, December 2009". AMEinfo.com. 2009-12-01. Retrieved 2015-08-28.
  5. ↑ "GCC nationals can now own shares of SALAMA". Khaleej Times. 2006-02-14. Retrieved 2015-08-28.
  6. ↑ Al Sayegh, Hadeel (2013-07-05). "UAE Islamic insurance providers issue warning as losses pile high". The National. Retrieved 2015-08-28.
  7. ↑ "The Premier Takaful Gathering of the Year" (PDF). The International Takaful Summit. 2012-07-18. Retrieved 2015-08-28.
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