Sheffield United relegated after huge loss at Newcastle, In-form Everton assured of Premier League survival with narrow victory over Brentford
sports11 hours ago
Takaful Emarat, the DFM-listed Shariah-compliant life and health takaful provider, on Sunday reported a net profit of Dh3.3 million for the first quarter of 2016, driven by its health and life lines.
The company said its first-quarter 2016 assets stood at Dh600 million, 36 per cent higher than total assets for FY-2015 of Dh439.26 million, reflecting significant growth momentum.
Takaful contributions earned up 55 per cent to Dh121.9 million for the first quarter of 2016 compared to Dh78.6 million for the same period last year. Net takaful income was up by 28.6 per cent to Dh11.9 million for the quarter compared to Dh9.2 million in the year-ago period.
In line with the continued rollout of the Dubai Health Authority's mandatory health insurance scheme, Takaful Emarat recently launched its mandatory insurance for Dubai residency issuance and renewal. The product is for individuals and is specifically tailored for spouses, domestic/basic workers and dependants with residential visas in Dubai, and provides applicants with an easy to use application process through the company's website.
Takaful Emarat chief executive officer Wael Al Sharif said: "Our on-going growth momentum for Q1 2016 reflects the success of our business strategy initiated over the last two years within our core UAE market. Our health and life product lines continue to be very well received by the market with our dynamic growth underpinned by major government initiatives such as the introduction of mandatory health insurance for Dubai. This is a legal requirement by June 30, 2016 with Takaful Emarat one of only nine approved vendors."
Al Sharif added: "We will continue to invest in our business as we optimise our product portfolio as well as our customer centric services which are the cornerstone of our continuing success."
"With a successful start to the current year, we remain uniquely well-positioned to accelerate our growth in the year ahead, capitalise on significant market opportunities and deliver optimal shareholder value. I look forward to reporting on further progress in due course."
- abdulbasit@khaleejtimes.com
Sheffield United relegated after huge loss at Newcastle, In-form Everton assured of Premier League survival with narrow victory over Brentford
sports11 hours ago
The three-strong flotilla had been due to sail on Friday from ports in Turkey with more than 5,000 tonnes of aid on board
world13 hours ago
The quake occurred at 8.29pm UAE time
asia13 hours ago
The Capitals posted their highest total in the tournament to set up a ten-run win over their gritty rivals
sports14 hours ago
Shortly after receiving the call, the employee informed her superiors
asia14 hours ago
Cross-border shelling has killed at least 70 civilians, including children, rescue workers and journalists
world14 hours ago
The hosts dominate with a total of 194 medals including 65 golds with Saudi in second place and Kuwait in third
sports14 hours ago
Residents with any information have been urged to contact the concerned authority
emergencies15 hours ago