• About Takaful Insurance

    Sharia-Compliant Insurance Services

Board of Directors :

Yaqoub Al-Kalouti

Chairman of the Board

Rami Taha

Secretary of the Board

Imad Al-Saadi

Board Member

Shams Assaf

Board Member

Amjad Ghanem

Board Member

Sharia Supervisory Board :

Executive Management :

Reyad Al-Atrash

General Manager

Ahmad Shihadeh

Assistant General Manager for Finance & Administration

Hatem Al-Aliyat

Assistant General Manager for Underwriting/Production

Mohammed Salameh

Assistant General Manager for Branches & Offices

Foundation & Launch

The Palestinian Takaful Insurance Company represents a pioneering and authentic experience rooted in the principles of Islamic Sharia and supported by modern knowledge and tools. It effectively bridged the gap between Islamic thought and contemporary business practice by translating the concept of Islamic Takaful insurance from theory into practical application in Palestine.

As the first Islamic insurance company operating under the Takaful system, the company became a model of Islamic economic practice and contributed significantly to the development of the local insurance sector and, consequently, the national economy.

The company was established in 2006 in Ramallah and registered under the Companies Controller with registration number (562601179). It launched its services to the public in 2008 in full compliance with Islamic Sharia.
The company’s authorized capital is $11,000,000.
By the end of 2023, the company operated 9 branches and 18 offices across Palestine.

Our Vision & Mission

To lead and excel in the field of Takaful insurance in accordance with Islamic Sharia. We aim to provide comprehensive Takaful insurance services for both institutions and individuals within a structured, modern institutional framework that aligns with Sharia principles and safeguards the interests of Takaful fund participants and shareholders.

Our Strategy

Our strategy is based on full adoption of Takaful insurance principles within an identity that reflects institutional commitment to these values. We aim to deepen public understanding and expand the reach of Takaful insurance across the Palestinian market through our extensive network of branches, offices, and agents throughout the country.
We also focus on building partnerships with Islamic financial institutions and stakeholders interested in this type of service.

Our Values

Our values stem from a comprehensive ethical framework inspired by Palestinian society and Islamic teachings, reflected in the following:

  • Providing insurance services free from riba (usury) and gharar (uncertainty)
  • Full compliance with the guidance of the Sharia Supervisory Board
  • Highest standards of transparency and fairness in underwriting and claims
  • Pursuit of the best halal returns for shareholders
  • Recognizing our staff as real partners in the growth and development of the company
  • Adopting informed, strategic management based on effective planning and risk-based control as the safest path to achieving objectives