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What is Abu Dhabi National Takaful Company mean?
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 by the Abu Dhabi Islamic Bank (ADIB) and Abu Dhabi Investment Company. It is a powerful player in the UAE takaful market based in Abu Dhabi, offering a range of takaful products including motor, property, general accidents, family, medical, engineering and Marine cargo coverage. Its shares are traded on the Abu Dhabi Securities Exchange as TKFL.
In 2014, it underwent a review of its wakala fee structure which improved the balance of earnings between the participant and shareholder funds. In 2015 ADIB became a significant shareholder with a 41.7 percent interest.
reference nanPosted on 25 Sep 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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