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ReTakaful Arrangements

Our following panel of Re-Takaful Companies offers professional protection to our risk with substantial underwriting capacity. They write business across all lines worldwide and their company’s Shariah Supervisory Board regularly reviews the overall activities.

Labuan Reinsurance (L) Ltd (Labuan Re) was incorporated in Labuan, Malaysia on September 14th, 1992.

The Company was established to write general reinsurance businesses. Subsequently, the Company also commenced writing Retakaful businesses in 2007.

  • Authorised capital of USD500 million.
  • Paid-up capital of USD150 million.
  • Well supported by 11 esteemed shareholders that include the top financial and banking groups in Malaysia, a national oil and gas player and its leading international shipping arm, a diversified conglomerate in automotive, property and construction, and the nation’s premier telecommunication provider and electricity utility player.
  • Management comprises of experienced and qualified personnel.
  • Provides a comprehensive range of support services to clients, including risk surveys, market trainings, reinsurance programming, and quotations for the treaties and facultative reinsurance businesses.
  • Financial strength rating of A- (Excellent) and issuer credit rating of “a-“ by A.M. Best. The outlook for both ratings is stable.

EmiratesRE The first leading Retakaful Institution for regional and worldwide markets, grounded on Fiqh Al Muamalat, observing the rules and regulations of the Islamic society.

Enlarge the market for Retakaful by offering enhanced reinsurance solutions and leading terms to Takaful and conventional clients. Providing differentiated products and excellent services requiring an ethical and independent approach backed by solid capital and sound Retakaful principles.

A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb+” of Emirates Retakaful Limited (ERL) (United Arab Emirates).

  • Saudi Reinsurance Company “Saudi Re” is a Saudi joint stock company, founded in Riyadh in 2008 as the first reinsurance company established in Saudi Arabia.
  • Publicly Joint Stock Company Listed on the Saudi Exchange Market.
  • Cooperative full-fledged reinsurer.
  • The first reinsurance company licensed by the Saudi Arabian Monetary Agency (SAMA).
  • Offer facultative and treaty solutions both on a proportional and non-proportional basis.
  • Strong underwriting expertise in Engineering, Property, Marine, Casualty, Motor, and Retrocession.
  • Paid up Capital SR 1 Billion (USD 267 Million).
  • BBB+ (Stable) rating by Standard & Poor’s.
  • gcAA+ Gulf Cooperation Council (GCC) regional scale rating with a Stable outlook by Standard & Poor’s.

Africa Retakaful was established in 2010 and commenced operations in September 2010.

It’s a 100% owned subsidiary of Africa Re and was set up to support the needs of the African insurance markets and to extend its services to the Takaful players in the Middle East and Asia.

Africa Retakaful provides a wide range of shari’a compliant Retakaful products.

Kuwait Re was established in 1972 to be the first reinsurer in the Gulf. The founders of Kuwait Re were the then only four insurers, 6 banks and two semi-government investment companies in Kuwait.

In 2015 Al Ahleia Insurance Company, a major Kuwait based insurance company and one of the founding insurers, increased the ownership in Kuwait Re to 91.7%.

  • Kuwait Re, over 40 years in operation, offers its customers a wide range of products including traditional and tailored reinsurance solutions.
  • The State of Kuwait itself has an AA sovereign rating from Standard & Poor’s, reflecting the country’s financial position and political stability.
  • Kuwait Re’s parent company, Al Ahleia Insurance Company, maintains it’s A- rating for Standard & Poors.