Not to be confused with National Takaful Company (Watania).
Abu Dhabi National Takaful Company PSC
Company type
Public
Traded as
ADX: TKFL
Industry
Takaful
Founded
16 November 2003; 20 years ago (2003-11-16)
Headquarters
Tamouh Tower Al Reem Island, Abu Dhabi
,
United Arab Emirates
Key people
Khamis Buharoon (Chairman)
Osama Abdeen (CEO)
Products
General Takaful and Family Takaful
Revenue
AED 266 million (2014)[1]
Net income
AED 036 million (2014)[1]
Total assets
AED 632 million (2014)[1]
Total equity
AED 212 million (2014)[1]
Website
www.takaful.ae
Abu Dhabi National Takaful Company PSC (Arabic: شركة أبوظبي الوطنية للتكافل ش.م.ع.) -- known simply as Takaful, تكافل, or ADNTC -- was established in 2003[2] by the Abu Dhabi Islamic Bank (ADIB) and Abu Dhabi Investment Company.[3] It is a powerful player in the UAE takaful market[4] based in Abu Dhabi, offering a range of takaful products including motor, property, general accidents, family, medical, engineering and Marine cargo coverage.[5] Its shares are traded on the Abu Dhabi Securities Exchange as TKFL.[6]
In 2014, it underwent a review of its wakala fee structure which improved the balance of earnings between the participant and shareholder funds.[4] In 2015 ADIB became a significant shareholder with a 41.7 percent interest.[7]
^ abcdAnnual Report 2014(PDF), Abu Dhabi National Takaful Company PSC, 2014-12-31, archived from the original (pdf) on 2015-09-24, retrieved 2015-08-24
^"Abu Dhabi National Takaful Company". ArabianBusiness.com. Retrieved 2020-06-08.
^"Abu Dhabi National Takaful Company". Arabian Business. Retrieved 2015-08-25.
^ ab"A.M. Best Revises Outlook to Positive for Abu Dhabi National Takaful Company P.S.C." A. M. Best. 2015-08-13. Retrieved 2015-08-25.
^"Takaful earnings rise 16.5% in first quarter". Khaleej Times. 2015-05-15. Retrieved 2015-08-25.
^"TKFL Stock Price | Abu Dhabi National Takaful Co. P.S.C. Stock Quote (Abu Dhabi Securities Exchange)". marketwatch.com. Retrieved 2020-06-08.
^"Major Shareholder". Abu Dhabi Securities Exchange. Retrieved 2015-08-25.[permanent dead link]
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Global Information
AED 266 million (2014)[1]