- Noor Takaful
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Noor Takaful Type Public Joint Stock Industry Insurance (Takaful) Founded Dubai, UAE
(January 7, 2009)Headquarters Dubai, UAE Number of locations 3 Area served UAE Key people H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman
Hussain AlQemzi Group CEOProducts Insurance (Takaful) products covering the following;
Personal Motor,
Personal Travel
Personal Home,
Personal Medical,
Personal Accident,
Commercial Engineering,
Commercial Motor Fleet,
Commercial Property,
Commercial General Accident,
Commercial Liability,
Commercial Family,
Commercial MedicalServices Shari'a compliant insurance Owner(s) Noor Investment Group LLC, Noor Islamic Bank PJSC Employees 127 (2010) Parent Noor Investment Group Website noortakaful.com Noor Takaful (abbr. NT) was officially launched and opened to the public on 7 January 2009[1] [2] in Dubai as a Shari’a compliant insurance (Takaful) company to support the growing needs of the UAE and the GCC economies. The company offers a range of personal and commercial insurance (Takaful) products with an emphasis on personalized services. The products and services are governed by a Shari’a Board composed of leading Islamic scholars with extensive experience and expertise in legal, financial and banking-related matters. Noor Takaful is a subsidiary of Noor Investment Group and sister company of Noor Islamic Bank
Noor Takaful holds the distinction of being awarded the 'Best Takaful Operator' by the CPI Financial 'Islamic Business Awards' after just 11 months of operations.
Contents
Corporate Structure
Noor Takaful has been set up as two separate entities, Noor Takaful Family PJSC, and Noor Takaful General PJSC but offers its products and services under the common brand of Noor Takaful.
Ownership
Both Noor Takaful Family PJSC and Noor Takaful General PJSC are owned by
- 90% - Noor Investment Group LLC
- 10% - Noor Islamic Bank PJSC
Board of directors
- H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman
- Mr. Soud Baalawy, Vice Chairman
- Mr. Hussain AlQemzi, Group Chief Executive Officer
- Dr. Ahmed Al Janahi
Fatwa and Shari’a Supervisory Board
- Dr. Mohamed Ali Elgari Chairman
- Dr. Abdul Sattar Abu Ghuddah Vice Chairman
- Dr. Mohamad Daud Bakar
- Dr. Mohammad Abdulrahim Sultan Al Olama
Senior Management
- Mr. Hussain AlQemzi, Group CEO
- Dr. Ahmed Al Janahi, Managing Director
- Mr. Parvaiz Siddiq, Chief Executive Officer, Noor Takaful, UAE
Milestones
- January 2009: Noor Takaful (Noor Takaful General) obtains license from the UAE Insurance Authority
- January 2009: Noor Takaful issues its first insurance (Takaful) certificate
- January 2009: Noor Takaful establishes its head office at Business Central Towers (Dubai)
- January 2009: H.H. Sheikh Ahmed bin Saeed Al Maktoum officially launches Noor Takaful
- April 2009: Noor Takaful launches its first advertising campaign for promoting travel, motor, medical and marine takaful products with the tag line ‘Because you never know what life has in store’
- April 2009: Noor Takaful conducts its first joint road show with its sister company, Noor Islamic bank at the Mall of the Emirates, Dubai
- April 2009: Noor Takaful sponsors the World Takaful Conference 2009[3][4][5]
- June 2009: Noor Takaful launches Noor Travel Takaful and Individual Medical Takaful products
- June 2009: Noor Takaful sponsors Pakistan vs Australia Twenty20 cricket matches
- July 2009: Noor Takaful launches its Marine Cargo and Marine Hull Takaful products
- September 2009: Noor Takaful jointly sponsors the ramadan prayer timetable in the Al Emarat Al Youm newspaper with its sister company Noor Islamic Bank.
- October 2009: Noor Takaful Launches etakaful and becomes the first online Takaful operator in the GCC
- October 2009: Noor Takaful Launches motor insurance campaign deployed over an integrated media platform
- October 2009: Noor Takaful jointly sponsors Leaders in Dubai 2009 with Noor Islamic Bank[6]
- October 2009: Noor Takaful sponsors Pakistan vs New Zealand Twenty20 cricket matches
- November 2009: NT Launches new corporate website to support etakaful
- November 2009: NT motor and travel insurance now available online
- December 2009: Awarded Best Takaful Operator 2009 by 'Islamic Business Awards' held CPI Financial
Awards
Award Year Award By Award Title 2009 CPI Financial Islamic Business Awards 2009 Best Takaful Operator References
- ^ Ammari, Siba Sami (6 January 2009), "Noor Investment Group launches Noor Takaful to meet growing regional demand", AME Info FZ LLC (UAE), http://www.ameinfo.com/180357.html
- ^ "Noor Investment Group LLC Launches Noor Takaful to Meet Growing Regional Deman", Emirates News Agency (WAM) (UAE), 6 January 2009, http://www.wam.org.ae/servlet/Satellite?c=WamLocEnews&cid=1226857957716&p=1135099400124&pagename=WAM%2FWamLocEnews%2FW-T-LEN-FullNews
- ^ "300 Insurance leaders gather to lay new foundations for growth of Takaful Industry in the context of the global economic crisis", Zawya (UAE), 13 April 2009, http://www.zawya.com/story.cfm/sidZAWYA20090413120940
- ^ Benham, Jason (15 April 2009), "Islamic insurance to grow up to 40 percent", Reuters (UAE), http://uk.reuters.com/article/idUKLNE53E01O20090415
- ^ Burns, Carrie (15 April 2009), "E&Y: Takaful Market to Grow Significantly", Insurance Networking News (UAE), http://www.insurancenetworking.com/news/insurance_Takaful_Ernst_Young_underwriting-12173-1.html
- ^ "GCC execs in for a reality check at Leaders in Dubai Business Forum", MENAFN (UAE), 26 October 2009, http://www.menafn.com/qn_news_story_s.asp?StoryId=1093279046
External links
Categories:- Companies based in Dubai
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