Takaful Emarat

What Takaful Emarat does

Takaful Emarat Insurance PSC is a Dubai-headquartered, publicly listed (Dubai Financial Market ticker TAKAFUL-EM) Shariah-compliant insurer founded in 2008, operating across three product lines: medical insurance (individual, family, group, domestic worker, Northcare for Northern Emirates, Essential, and Golden Visa plans), life insurance (Fixed Term, Decreasing Term, and Group Life), and savings and protection plans (Growth, Lifespan, Wealth). The company positions itself as the UAE's first dedicated Shariah-compliant life and health Takaful provider, with operations governed by a dedicated Sharia Supervisory Board and products built on cooperative mutual-risk principles that avoid interest (Riba) and uncertainty (Gharar). All products and investments are structured to comply with Islamic finance standards, with savings-plan funds managed by external Sharia-compliant managers including Emirates NBD Asset Management, Mashreq Capital, Al Ahli Capital, Rasmala, and DWS.

The company's core operating technology is its Takaful framework and digital service stack: a website with online quote requests and self-service purchase/renewal, the Health+ mobile application for individual health plan management, and integrations with six third-party administrators (NAS, Nextcare, MedNet, Al Madallah, Aafiya, Ecare) that collectively provide members access to 5,000+ hospitals, clinics, diagnostic centers and pharmacies across Dubai, Abu Dhabi, Sharjah and the Northern Emirates. Multi-emirate physical presence includes the Dubai headquarters on Sheikh Zayed Road (Al Barsha 1) plus regional offices in Sharjah and Abu Dhabi.

Takaful Emarat earns revenue primarily through recurring insurance premiums across subscription-style annual policies (medical plans ranging from AED 550-15,000; life and savings products priced by coverage and contribution). Distribution is hybrid: direct-to-consumer via website and inbound call center (600 522 550), plus enterprise field sales for B2B group medical and group life policies for companies with 5+ employees. The company serves individual UAE residents, families, SMEs and corporates, domestic workers, Golden Visa holders, and Northern Emirates residents, with family discounts of 5% (3-member) and 10% (4-member) families and a low-cost Essential Benefits Plan tier addressing lower-income and domestic-worker segments.

Name

Takaful Emarat

Legal name

Takaful Emarat Insurance PSC

Website

https://takafulemarat.com/

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

251–500 employees

Short description

Takaful Emarat Insurance PSC is a Dubai-headquartered, DFM-listed Shariah-compliant insurer offering medical, life, and savings plans to UAE individuals, families, SMEs, domestic workers, and Golden Visa holders, with access to 5,000+ healthcare providers via six TPA partnerships.

Ownership category

akta.pro rank

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Medical Insurance Premiums: Recurring premium income from individual, family, and group medical/health insurance policies. Takaful Emarat offers various health insurance plans including Essential, Enhanced, and Premium tiers with coverage up to AED 250,000 annually.
2. Life Insurance Premiums: Premium revenue from term life insurance products including Fixed Term, Decreasing Term, and Group Life Insurance. Coverage includes death benefit and total permanent disability protection.
3. Savings & Protection Plan Contributions: Long-term savings plan contributions from Growth Plan, Lifespan Plan, and Wealth Plan products that combine savings accumulation with life protection benefits. Contributions support Sharia-compliant investment funds.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Takaful Emarat provides Shariah-compliant insurance products to UAE residents and businesses, including individual, family, and group medical insurance; life insurance (fixed term, decreasing term, group life); and long-term savings & protection plans (Growth, Lifespan, Wealth). All offerings operate under Islamic cooperative (Takaful) principles with mutual risk-sharing, ethical investments, and access to 5,000+ healthcare providers across the UAE through multiple TPA partnerships.

Product overview

Takaful Emarat offers a comprehensive portfolio of Shariah-compliant insurance and savings products. The company operates across three main product lines: Medical Insurance (Individual, Family, Group Medical, Domestic Worker, Northcare for Northern Emirates, Essential Plan, and Golden Visa/Investor plans), Life Insurance (Fixed Term, Decreasing Term, and Group Life), and Savings & Protection Plans (Growth Plan, Lifespan Plan, and Wealth Plan). All products are structured under Islamic principles with ethical and transparent fund management, providing access to over 5,000 healthcare providers across the UAE through multiple Third-Party Administrator partnerships.

Differentiator

Problem solved

Functional benefit

Brands

• Northcare: Health insurance plan designed specifically for residents holding visas issued in Sharjah, Ajman, Ras Al Khaimah, Fujairah, and Umm Al Quwain (Northern Emirates).
• Health+

Products and services

• Individual Health Insurance Shariah-compliant medical insurance for UAE residents, self-employed professionals, freelancers, entrepreneurs, and investors, providing access to over 5,000 healthcare providers across Dubai, Abu Dhabi, Sharjah, and the Northern Emirates.
• Family Health Insurance Comprehensive family medical insurance covering spouse and children under one policy, including maternity coverage, newborn protection, preventive care, and access to 5,000+ healthcare providers, with family discounts.
• Group Medical Insurance Corporate health insurance for SMEs and large businesses with 5+ employees, offering customizable coverage based on employee category, salary band, and budget allocation, supported by a dedicated corporate sales team.
• Northcare Health Insurance Plan Affordable Shariah-compliant health coverage for residents of the Northern Emirates, including inpatient, outpatient, and teleconsultation access through participating providers.
• Domestic Worker Medical Insurance Mandatory and affordable medical insurance for housemaids, nannies, drivers, and other domestic workers, designed to meet UAE regulatory requirements at low premium levels.
• Fixed Term Life Insurance Shariah-compliant life insurance providing a guaranteed fixed payout if death or total permanent disability occurs during a specified coverage period, suitable for covering family expenses, education costs, or outstanding liabilities.
• Decreasing Term Life Insurance Shariah-compliant life insurance where coverage decreases over time in line with a reducing loan balance, designed for mortgage protection and shielding family from loan repayment obligations.
• Group Life Insurance Shariah-compliant corporate life protection for employees providing financial support to beneficiaries in the event of death or total permanent disability, sold to employers as a group benefit.
• Growth Plan Long-term Shariah-compliant savings solution combining disciplined wealth accumulation with life protection, designed for individuals seeking a structured savings strategy.
• Lifespan Plan Comprehensive long-term Shariah-compliant protection and savings plan providing extended financial protection combined with savings benefits for long-term family security.
• Wealth Plan Strategic Shariah-compliant savings and protection solution designed for individuals seeking goal-oriented wealth accumulation while maintaining life protection coverage, with investments managed by external Sharia-compliant fund managers.

Quantifiable outcome

• Access to 5,000+ healthcare providers across UAE including major hospitals and clinics such as Mediclinic, Saudi German Hospital, Aster, NMC, and Emirates Hospital

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature3 records

Partnerships

19 partnerships are on record, tiered core.

• NAS (Third-Party Administrator)coreTechnology or IntegrationNAS provides access to a wide network of healthcare providers across the UAE, ensuring convenient access to hospitals, clinics, and specialists. Members benefit from efficient claims processing and reliable healthcare access through NAS network providers.
• Nextcare (Third-Party Administrator)coreTechnology or IntegrationNextcare is one of the region's leading TPAs, offering access to a large network of healthcare providers and supporting efficient medical claims administration. Provides access to trusted hospitals and medical facilities across the UAE.
• MedNet (Third-Party Administrator)coreTechnology or IntegrationMedNet offers extensive healthcare provider access and supports efficient coordination between healthcare providers and insured members. Members can access quality healthcare services across multiple provider facilities.
• Al Madallah (Third-Party Administrator)coreTechnology or IntegrationAl Madallah provides access to a wide healthcare network, ensuring reliable medical services and provider access across the UAE.
• Ecare (Third-Party Administrator)coreTechnology or IntegrationEcare provides access to healthcare providers across the UAE, supporting essential medical coverage and access to trusted healthcare services.
• Aafiya (Third-Party Administrator)coreTechnology or IntegrationAafiya offers access to trusted healthcare providers and supports teleconsultation services, digital claims submission, and network access.
• MedicliniccoreTechnology or IntegrationMajor healthcare provider within the Takaful Emarat network offering hospitals and clinics across the UAE for insured members.
• Saudi German HospitalcoreTechnology or IntegrationMajor healthcare provider within the Takaful Emarat network offering hospital services across the UAE for insured members.
• Aster Hospitals and ClinicscoreTechnology or IntegrationMajor healthcare provider within the Takaful Emarat network offering hospitals and clinics across the UAE for insured members.
• NMC HealthcarecoreTechnology or IntegrationMajor healthcare provider within the Takaful Emarat network offering hospital services across the UAE for insured members.
• Emirates HospitalcoreTechnology or IntegrationMajor healthcare provider within the Takaful Emarat network offering hospital services across the UAE for insured members.
• Prime Healthcare GroupcoreTechnology or IntegrationMajor healthcare provider within the Takaful Emarat network offering hospital services across the UAE for insured members.
• Thumbay HospitalscoreTechnology or IntegrationHealthcare provider within the Takaful Emarat network offering hospital services across the UAE for insured members.
• Zulekha HospitalcoreTechnology or IntegrationHealthcare provider within the Takaful Emarat network offering hospital services across the UAE for insured members.
• Al Ahli Capital (Fund Manager)coreTechnology or IntegrationFund manager for Sharia-compliant investment funds supporting Takaful Emarat's savings and protection plans. Manages diversified investment strategies aligned with Islamic finance principles.
• Emirates NBD Asset Management (Fund Manager)coreTechnology or IntegrationFund manager for Sharia-compliant investment funds supporting Takaful Emarat's savings and protection plans.
• Mashreq Capital (Fund Manager)coreTechnology or IntegrationFund manager for Sharia-compliant investment funds supporting Takaful Emarat's savings and protection plans.
• Rasmala (Fund Manager)coreTechnology or IntegrationFund manager for Sharia-compliant investment funds supporting Takaful Emarat's savings and protection plans.
• DWS (Fund Manager)coreTechnology or IntegrationFund manager for Sharia-compliant investment funds supporting Takaful Emarat's savings and protection plans.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Salama (Islamic Arab Insurance Company): UAE-listed Shariah-compliant cooperative insurer offering family, medical, motor, and general Takaful products across individuals and corporates. Closest like-for-like peer given shared Takaful model, DFM listing, and similar UAE individual/group medical focus.
• Abu Dhabi National Takaful Company: ADX-listed Takaful operator headquartered in Abu Dhabi providing medical, motor, and general Takaful lines. Direct competitor for UAE group medical accounts and individual health, particularly in Abu Dhabi.
• Dar Al Takaful: UAE Takaful provider offering Shariah-compliant medical and family insurance products. Competes head-to-head in Dubai retail and small-group segments with similar Essential Benefits Plan positioning.
• AMAN Insurance: UAE insurer (formerly Al Dhafra) providing medical, motor, and general insurance including Takaful lines. Comparable in customer base (UAE individuals and SMEs) and product breadth, with similar regulatory exposure to UAE pricing mandates.

Broad incumbents

• National Health Insurance Company – Daman: UAE's largest health insurer and the dominant Abu Dhabi mandatory health scheme administrator (Thiqa). Competes with Takaful Emarat in UAE group and individual medical, particularly in Abu Dhabi, though Daman is conventional (not Takaful).
• Abu Dhabi National Insurance Company (ADNIC): ADX-listed multi-line UAE insurer offering life, medical, motor, and general insurance including group medical for corporates. Larger incumbent competing for the same UAE corporate health-insurance RFPs.
• Oman Insurance Company (now Sukoon): One of the largest listed UAE insurers (DFM-listed) offering life, health, and general insurance across individuals and corporates. Larger-scale competitor in UAE group medical and individual health.

Regional players

• Qatar Islamic Insurance Company (QIIC): QSE-listed Qatari Takaful operator offering family, medical, and motor Takaful. Regional peer with identical Shariah-compliant operating model, illustrating expansion pathway but also regional Takaful competitive dynamics.
• The Company for Cooperative Insurance (Tawuniya): Saudi Arabia's largest cooperative (Takaful-style) insurer and listed leader. Regional scale benchmark for what an institutional Takaful operator can become; relevant for Gulf expansion benchmarking.

Others

• Nextcare (TPA partner and competitor ecosystem): One of Takaful Emarat's core TPAs providing claims administration and provider network access. Adjacent ecosystem participant illustrating the company's reliance on TPA infrastructure rather than a direct peer for premium share.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/takafulemarat_

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Takaful Emarat