Gulf Takaful Insurance

Gulf Takaful Insurance Company K.S.C.C. was established in 2004 with a paid up capital of K.D. 15,000,000 (Fifteen million Kuwaiti Dinar) by a group of prominent and reputable business institutions with an overriding ambition to provide the best possible insurance facilities of all kinds to its valued clients. It strives at enhancing the insurance... industry by offering a full range of insurance products that meet the day to day needs of individuals/institutions and services in accordance with the Islamic Shari'ah. The primary objective of the Company is to make sure that all individuals and corporate clients reduce their risk exposure to a minimum level. Takaful insurance is a process where policy holders donate their contribution towards a fund, from which the claims and expenses are paid by the Company and the insurance investment returns pursuant to the Shariah principles are added. At the end of the year, the resulted surplus will be distributed to the Policyholders (Contributors) after applying the necessary reserves. Gulf Takaful Insurance has recruited a dynamic, professional highly qualified team of personnel equipped with distinguished and diversified experiences in local, regional and international insurance/reinsurance markets. They emerged with a profound knowledge in the practice of insurance and its application acc ording to Shari'ah principles. Our management team is drawn from the best in the insurance markets to make Gulf Takaful one of the most valuable companies in the region. In addition, Gulf Takaful is backed by top rated reinsurance securities equipped with latest IT systems which will allow us to provide the best personalized services to our clients. We believe this will help the company to provide its clients with a high standard of quality service. With the successful integration of core project elements through teams, we are now poised to offer the Kuwaiti market a firm commitment to deliver innovative and flexible Takaful products and services in accordance with Shari'ah Principles.Read More