Beema

What Beema does

Beema (legal name: Damaan Islamic Insurance Company) is a publicly listed, Sharia-compliant (Takaful) insurance company headquartered in Lusail, Qatar, operating under Qatar Central Bank license 13/2009 and commercial registration 43652. The company was founded circa 2009-2010 and trades on the Qatar Stock Exchange under the ticker BEEMA. Beema positions itself as Qatar's first fully digital insurance company and distributes a broad retail and corporate product portfolio, including motor (third-party liability and comprehensive), home, individual life, travel, marine (pleasure craft and hull), caravan, domestic-help accident, group health, group life, aviation, engineering, liability, workmen's compensation, property, miscellaneous, and Mandatory Visitor Health Insurance (MVHI) for Hayya Card holders.

The underlying platform is a proprietary digital insurance portal at beema-online.com supporting quote generation, policy purchase, renewal, and claims initiation, supplemented by mobile applications and an adjacent salvage vehicle auction service at beema-auction.qa with 300+ clients. The company pursues a hybrid go-to-market combining 24/7 online self-service with phone (8000 786, +974 4405 0555), WhatsApp (+974 7405 0555), door-to-door field sales, and a physical Lusail office. Distribution is strictly single-country/domestic (Qatar) with potential GCC reference but no observed cross-border operations.

Revenue is generated through recurring Takaful insurance premiums from both individual and corporate customers, with annual billing cadence across motor tiers. Pricing is not publicly disclosed; quotes are produced on request via digital or phone channels. The company reports ongoing profit growth, with disclosed figures of 30% growth in shareholders' net profit for H1 2025, 27% for 9M 2025, 12.9% for FY 2025, and 6.6% for Q1 2026. Operational scale is modest, with 51-100 employees supporting a multi-line Takaful book plus the salvage auction ecosystem. No public API, developer SDK, or AI/ML capabilities are described, and customer logos or named enterprise accounts are not disclosed.

Name

Beema

Legal name

Damaan Islamic Insurance Company

Website

https://beema.com.qa

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

Beema (Damaan Islamic Insurance Company) is Qatar's first fully digital Sharia-compliant (Takaful) insurer, publicly listed on the Qatar Stock Exchange. It offers retail and corporate motor, home, life, travel, marine, health, and specialty insurance to individuals, businesses, and visitors in Qatar.

Ownership category

akta.pro rank

Product category

Islamic Insurance (Takaful)

NAICS

Insurance Carriers and Related Activities (524), Direct Property and Casualty Insurance Carriers (524126), Direct Life Insurance Carriers (524113), Direct Health and Medical Insurance Carriers (524114)

SIC

Fire, Marine & Casualty Insurance (6331), Life Insurance (6311), Accident & Health Insurance (6321)

akta.pro primary industry

Takaful Bancassurance (Islamic Insurance Distribution) (FSABAGAM)

akta.pro secondary industries

Commercial Umbrella Insurance (FSAJANAB), Umbrella Insurance (FSAJAMAK)

Keywords

• Takaful insurance
• Islamic insurance
• Motor insurance
• Corporate insurance
• Digital insurance platform

Headquarters

HQ city

Lusail

HQ country

Qatar

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Takaful Insurance Premiums: Beema generates revenue through Sharia-compliant (Takaful) insurance premiums from both retail (individuals) and corporate customers. The company offers various insurance products including motor, home, life, travel, marine, and corporate insurance with premium payments collected from policyholders.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Beema (Damaan Islamic Insurance Company) offers Sharia-compliant (Takaful) insurance products in Qatar through a fully digital platform. The portfolio spans retail insurance (motor, home, individual life, travel, marine pleasure craft, caravan, and domestic help accident) and corporate insurance (group health, group life, aviation, marine hull, engineering, liability, workmen's compensation, property, and miscellaneous), plus mandatory visitor health insurance. The company also operates a salvage car auction platform.

Product overview

Beema (Damaan Islamic Insurance Company) operates as Qatar's first fully digital insurance company, offering a comprehensive portfolio of Sharia-compliant (Takaful) insurance products. The product suite spans two main segments: Individual/B2C products including Motor Insurance (with Third-Party Liability and Comprehensive options), Home Insurance, Individual Life Insurance, Travel Insurance, Marine Insurance (Pleasure Craft), Caravan Insurance, and Domestic Help Accident Insurance; and Corporate/B2B products including Group Health Insurance, Group Life Insurance, Aviation Insurance, Marine Hull Insurance, Engineering Insurance, Liability Insurance, Workmen's Compensation, Property Insurance, and Miscellaneous Insurance. The company also offers Mandatory Visitor Health Insurance (MVHI) for Qatar visitors including Hayya Card holders. A separate digital service, Beema Salvage Cars, provides an online auction platform for salvage vehicles. Beema positions itself as a one-stop shop leveraging modern technology for easy and seamless insurance processes.

Differentiator

Problem solved

Functional benefit

Products and services

• Motor Insurance Vehicle insurance covering both mandatory Third-Party Liability and optional Comprehensive coverage, including agency repairs without depreciation, replacement car benefits, off-road coverage extension, and 24/7 roadside assistance. Targeted at individual vehicle owners and corporate fleets in Qatar.
• Home Insurance Insurance protecting homes against loss, damage, fire, theft, earthquake, and water damage, with options for landlord insurance and contents coverage. Targeted at homeowners and landlords in Qatar.
• Individual Life Insurance Takaful-based life insurance coverage for individuals, providing financial protection and peace of mind. Targeted at individuals and families in Qatar seeking Sharia-compliant life coverage.
• Travel Insurance Insurance coverage for travelers, providing protection against trip cancellations, medical emergencies, and travel-related risks. Targeted at Qatar residents and visitors needing travel protection.
• Marine Insurance (Pleasure Craft) Insurance for pleasure craft and yachts, covering marine risks within Qatari waters. Targeted at individual boat and yacht owners in Qatar.
• Caravan Insurance Insurance coverage for caravans and mobile homes. Targeted at individual caravan owners in Qatar.
• Domestic Help Accident Insurance Insurance covering accidents involving domestic workers and household staff. Targeted at households in Qatar employing domestic help.
• Group Health Insurance Corporate medical and health insurance plans for groups and businesses. Targeted at companies and organizations in Qatar seeking employee health benefits.
• Group Life Insurance Takaful-based life insurance plans for corporate groups and employees. Targeted at companies in Qatar offering employee life benefits.
• Aviation Insurance Insurance coverage for aviation-related risks. Targeted at aviation operators, aircraft owners, and related corporate clients in Qatar.
• Marine Hull Insurance Corporate marine insurance covering hull and machinery of vessels. Targeted at shipping companies, fleet operators, and commercial marine businesses in Qatar.
• Engineering Insurance Insurance covering engineering projects, equipment, and electronic equipment. Targeted at construction firms, contractors, and engineering companies in Qatar.
• Liability Insurance General liability coverage for businesses. Targeted at companies and organizations in Qatar needing third-party liability protection.
• Workmen's Compensation Insurance Insurance covering worker injuries and compensation claims. Targeted at employers in Qatar needing statutory worker injury coverage.
• Property Insurance

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Qatar Insurance Company (QIC): Largest insurer in Qatar and the Gulf, publicly listed on QSE, offering P&C, life, health, marine and aviation lines. Direct peer because it competes head-to-head with Beema across virtually the same multi-line insurance product set in the Qatari market.
• Doha Insurance Group: Qatari publicly listed insurer offering motor, property, marine, engineering, liability and life insurance. Direct competitor in Beema's home market with overlapping retail and corporate customer segments.
• Al Khaleej Takaful Group: Qatari Takaful specialist offering Sharia-compliant insurance to individuals and corporates. Most direct Islamic-insurance competitor to Beema, sharing the same Takaful positioning, Sharia Board governance model and Qatari regulatory backdrop.
• QLM Life & Medical Insurance: QSE-listed Qatari insurer focused on life and medical insurance. Direct peer in Beema's group health and group life corporate segment, competing for the same employer-sponsored accounts in Qatar.

Broad incumbents

• Gulf Insurance Group (GIG): Kuwait-headquartered regional insurance conglomerate with operations across the GCC including Qatar. Broad incumbent offering overlapping P&C and life lines, competing with Beema especially in corporate and specialty accounts.
• Tawuniya (Company for Cooperative Insurance): Largest cooperative insurer in Saudi Arabia, offering health, motor and general insurance. Broad incumbent comparable to Beema in cooperative/Takaful orientation and broad product mix, though operating at much greater scale in a different geography.
• AXA Insurance Gulf: Global insurer's Gulf operations offering motor, home, health and commercial insurance across the GCC. Comparable as a broad incumbent with multi-channel digital distribution that competes with Beema in retail and SME lines.

Emerging players

• Salama Cooperative Insurance: UAE-listed Takaful and cooperative insurance provider offering family, motor, medical and general Takaful products. Comparable as a regional Takaful peer with similar Islamic-compliance positioning and product breadth.

Regional players

• AMAN Cooperative Insurance: Saudi-listed cooperative (Takaful-aligned) insurer offering health, motor and general insurance. Comparable as a regional GCC Islamic/cooperative insurer with multi-line structure similar to Beema's portfolio.
• Bupa Arabia for Cooperative Insurance: Saudi-listed health insurer and Beema's most direct regional competitor in the group health and medical segment, with overlapping employer-sponsored health offerings in a neighbouring GCC market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/beemainsurance
• Instagraminstagram.com/beemainsurance
• LinkedInlinkedin.com/company/damaan-islamic-insurance-company

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Beema