Takaful Emarat has Net Comprehensive income of AED 7m in 2020
Saturday, 04 03 2021, Category: Islamic Insurance, Country: U.A.E
Dubai, UAE :Takaful Emarat (“the Company”), DFM-listed Shariah-compliant Life and Health Takaful provider, announced today its financial results for 2020, after being approved by the Board of Directors. The Company reported record financial results, with net comprehensive income reaching AED 7 million, compared to an AED 37 million loss recorded the year before. These promising results come amid wide uncertainty and financial turmoil around the globe caused by the COVID-19 crisis.
These results follow a comprehensive restructuring during which the Company maintained salaries and benefits for all employees, in a step that highlights its HR-centered approach and a deep confidence in its ability to overcome the implications of the pandemic. These results are a testimony for the Company's strategy in leveraging innovation and focusing on digital solutions, which contributed to strengthening Takaful Emarat's leading position in the insurance sector in the UAE.