Noor Takaful


Noor Takaful
Noor Takaful
Type Public Joint Stock
Industry Insurance (Takaful)
Founded Dubai, UAE
(January 7, 2009 (2009-01-07))
Headquarters Dubai, UAE
Number of locations 3
Area served UAE
Key people H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman
Hussain AlQemzi Group CEO
Products 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 Medical
Services 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

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

External links


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