Chairman
Deputy
Board Secretary
chief of committee.
member.
General Manager
GM Assistant Of Financial Affairs
GM Assistant Of Production Affairs
GM Assistant Of Branches Affairs
The Palestinian Takaful Insurance Company has a pioneering and authentic experience that has been derived from the pure source of Islamic Sharia and contemporary sciences and tools. It has combined the thought of Islamic Sharia with work, authenticity and modernity, and has transferred the formula of Islamic Takaful insurance from the theoretical framework to the practical reality in Palestine. It has thus become an Islamic economic model as the first Islamic insurance company to operate with the Takaful insurance system, and has contributed effectively to the development of the insurance sector, which has had an impact on the development of the local economy. The company was established in 2006 in the city of Ramallah, and was registered with the Companies Controller under No. (562601179). It began its activity by providing insurance services in accordance with Islamic Sharia to the public in 2008. The authorized capital is $11,000,000. The Takaful Company is considered one of the most prestigious insurance companies in Palestine in providing insurance services, and one of the first Palestinian companies that gained the trust of the citizen. By the end of the year 2023 The number of the company’s branches in Palestine reached 9 branches and the number of offices reached 18 offices distributed throughout the country.
Leadership and excellence in the field of Takaful insurance in accordance with the provisions of the noble Sharia, providing all Takaful insurance services to institutions and individuals through an institutional framework committed to the concepts of modernity and in a manner that does not conflict with the provisions of Islamic Sharia and preserves the interests of Takaful Fund subscribers and investors in the company’s capital.
The company’s strategy is based on fully embracing the principles of Takaful insurance, within a corporate identity committed to those principles, and deepening and disseminating the ideas, programs, and advantages of this new type of insurance among the target audience in the Palestinian insurance market through a network of branches, offices, and agents covering all governorates of the country. This is also achieved through networking with Islamic financial institutions and stakeholders interested in this type of service.
The company’s values have emerged from a comprehensive ethical system, derived from the history of Palestinian society, inspired by the teachings of Sharia in all its activities, orientations and various activities, which are manifested in the following: Providing insurance services to the Palestinian community, free from suspicions of usury and uncertainty, and in a way that achieves the interests of Takaful Fund subscribers through full compliance with the instructions of the Sharia Supervisory Board. Achieving the highest levels of transparency and fairness in underwriting and compensation without injustice or unfairness. Relentless pursuit of achieving the best lawful returns for shareholders in the company. The company’s employees and cadres in all their work locations are true partners in the growth, prosperity and progress of the company and they are the true guarantee for consolidating this industry in the Palestinian market. Conscious scientific management, based on effective planning and risk-based oversight, represents the safe path towards achieving goals.
