"Methaq means Agreement" - Our philosophy is therefore based on the common understanding that an agreement is the basis of all progress and business. "Takaf" or "Joint Guarantee" happens successfully only with the presence of solid agreements, that Methaq is keen on establishing with all stakeholders.
Agreeing is the starting point of everything. It is based on Understanding, sharing and trust, plus proper and clear documentation like policies – contracts and agreements. The
delivery of one's agreement is the ending point. If this delivery is well executed, it will generate satisfaction that will trigger more profound relations with stakeholders.
- Methaq Takaful Insurance Company is a registered and licensed General Takaful Company in the United Arab Emirates. It takes the form of a UAE public shareholders company.
- Its capital is 150,000,000 AED.
- The objective of the Company is to offer Individuals and Corporations a complete range of high quality, flexible, integrated, Shariah-compliant insurance products & services, in association with selected Distribution Partners.
- Methaq insurance and investment activities are conducted in accordance with Shariah guidelines, under the supervision of the Fatwa and Shariah Supervisory Board whose members are specialists in Islamic economics and Shariah transactions.
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- Methaq Takaful Insurance Company marks the first important milestone on achieving Methaq’s vision to offer general insurance services to Corporate and Individual Customers delivered through multiple distribution Channels.