Misr Takaful Insurance

What Misr Takaful Insurance does

Misr Takaful Insurance is a Cairo-based Sharia-compliant property and casualty insurance carrier founded in 2017 and operating under Egypt's Financial Regulatory Authority. It is anchored by the Egypt Sovereign Fund for Investment and Development, with strategic shareholders drawn from the Misr Insurance group, including Misr Holding Insurance, Misr Life Insurance, and Misr Insurance. The company operates through 11 branches across Egypt with a headcount of 51-100 employees and serves retail and corporate customers who require Takaful-compliant risk coverage rather than conventional insurance.

The underwriting portfolio spans more than ten P&C lines, weighted toward supplementary motor coverage (38-40%) and fire insurance (30%), followed by accident and engineering (20%), medical (8%), and a residual 10% across other lines. Alongside underwriting, Misr Takaful runs a Sharia-compliant daily-return investment fund that deploys policyholder contributions across compliant instruments and returns underwriting surplus to participants, an explicit feature of the participatory model.

By year-end 2025, net premiums reached approximately 1 billion EGP (48% year-over-year growth) on a total investment base above 1.5 billion EGP and total assets around 1.6 billion EGP. Paid-up capital stands at 450 million EGP against an authorized envelope of 2 billion EGP, and management has set a 2026 net-premium target of 1.25 billion EGP. Profitability has compounded, with 2024 net profits of 89 million EGP versus 10 million EGP in 2020, and the company distributed 60 million EGP of surplus to policyholders in 2025.

Name

Misr Takaful Insurance

Legal name

Misr Takaful Insurance - Property and Liabilities

Website

https://misr-takaful.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Misr Takaful Insurance is a Cairo-based Sharia-compliant property and casualty insurer founded in 2017, serving Egyptian retail and corporate customers across 10+ Takaful product lines via 11 branches, with sovereign backing from Egypt's Sovereign Fund and the Misr Insurance group.

Ownership category

akta.pro rank

Product category

Takaful Property and Casualty Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro primary industry

Takaful Bancassurance (Islamic Insurance Distribution) (FSABAGAM)

akta.pro secondary industry

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

Keywords

• Sharia-compliant insurance
• Property and casualty insurance
• Takaful insurance
• Motor insurance
• Marine cargo insurance

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices12 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Property and Liability Insurance Premiums: The company collects insurance contributions (premiums) from policyholders across various insurance lines including fire, motor, marine cargo, engineering, bonds and guarantees, medical, and accident insurance. Premiums are pooled in the Takaful fund, invested in Sharia-compliant instruments, and used to pay claims. Surplus is shared between policyholders (50%) and shareholders. The company reported net premiums of 536,664,502 EGP and total investments of 833,096,620 EGP on the homepage, and achieved approximately 1 billion EGP in premiums by end of 2025 with 48% growth.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

Misr Takaful Insurance is a Sharia-compliant (Takaful) property and liability insurance company operating in Egypt under the supervision of the Financial Regulatory Authority. It sells fire, motor, marine cargo, land transport, hull, engineering, petroleum, guarantee, medical, personal accident, fidelity guarantee, and civil liability insurance products, alongside a Sharia-compliant daily-return cash investment fund. Insurance surpluses are shared with policyholders (50% of profits) under the Mudarabah model, in line with Islamic finance principles.

Product overview

Misr Takaful Insurance (مصر للتأمين التكافلي) is a Sharia-compliant property and casualty insurance company operating under the supervision of Egypt's Financial Regulatory Authority. The company offers a broad portfolio of insurance products organized into four main categories: (1) Fire Insurance covering all-risks, fire & theft, and political violence; (2) Auto Insurance including supplementary commercial and private auto policies; (3) Marine & Transport Insurance covering marine cargo, hull, land transport, and petroleum; and (4) Miscellaneous Accidents Insurance covering personal accident, fidelity guarantee, civil liability, professional liability, and agricultural insurance. Additional specialized offerings include Engineering Insurance, Guarantee Insurance, Medical Insurance for companies, and a Sharia-compliant Cash Investment Fund. The company distributes products through a network of 11 branches across Egypt and digital self-service channels including an online portal for insurance issuance, renewal, quotations, and claims reporting.

Differentiator

Problem solved

Functional benefit

Products and services

• Fire Insurance (تأمينات الحريق) Property insurance covering fire, lightning, explosion, self-ignition, theft, political violence, and comprehensive all-risks coverage for commercial and individual properties.
• Auto Insurance (تأمينات السيارات) Comprehensive and commercial auto insurance covering collision, overturning, fire, lightning, explosion, third-party damage, theft, and third-party liability up to 10,000 EGP per incident, for private and commercial vehicle owners.
• Marine Cargo Insurance (تأمينات النقل البحري) Marine cargo insurance covering loss, total or partial damage to goods during sea transport, including war risks, air cargo extension, frozen goods, and coal; targeted at import/export and trading companies.
• Land Transport Insurance (تأمينات النقل البري) Land transport insurance covering goods and property moved by road or rail within and between neighboring countries, including open land transport policies.
• Hull Insurance (تأمينات أجسام السفن) Marine hull and vessel body insurance covering losses and damages from sea perils, fire, explosion, piracy, collision, earthquakes, and crew negligence, including voyage and duration-based policies.
• Engineering Insurance (التأمينات الهندسية) Engineering insurance covering contractors all-risks, construction equipment, electronic devices, machinery breakdown, and profit loss from equipment failure.
• Petroleum Insurance (تأمينات بترول) Petroleum sector insurance covering vehicle third-party liability, civil liability, all-risks for oil and gas drilling equipment, and movable marine units.
• Guarantee Insurance (تأمينات الضمان) Guarantee and surety insurance covering financing default payments, microfinance credit card defaults, Murabaha financing, sales receivable risk guarantee, customs and tax dues payment guarantee.
• Medical Insurance (التأمين الطبي) Corporate medical/health insurance designed for companies, covering employee healthcare expenses; medical insurance contributed 8% of total premiums in 2025.
• Personal Accident Insurance (تأمين الحوادث الشخصية) Personal accident insurance covering death, total or partial permanent disability, and temporary total disability resulting from accidental events, including medical expenses, available 24 hours.
• Fidelity Guarantee Insurance (تأمين خيانة الأمانة) Fidelity guarantee insurance compensating employers for financial losses due to embezzlement or misappropriation committed by employees during their duties, up to the sum insured.
• General Civil Liability Insurance (تأمين المسئولية المدنية العامة) Civil liability insurance compensating for material losses or bodily injuries caused to third parties due to unintentional negligence by the insured or their employees.
• Misr Takaful Cash Investment Fund (صندوق الاستثمار النقدي) Open-ended daily-return cash money market investment fund compliant with Islamic Sharia principles, managed by Arab African International for Securities, offering daily cumulative returns with no purchase or redemption fees.

Quantifiable outcome

• Net premiums exceeded 1 billion EGP by end of 2025, with 48% year-over-year growth.
• +5 more outcomes

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered core.

• Arab African International for Securities Trading (العربي الإفريقى الدولى لتداول الأوراق المالية)coreChannel Partner/ Reseller/ Distributor · 13 March 2022Licensed by the Financial Regulatory Authority (license 715 dated 30/6/2020) as a receiving entity for purchase and redemption requests of Misr Takaful Insurance's investment fund units.
• Misr Capital / Misr Capital for Bond Broking (مصر كابيتال)coreChannel Partner/ Reseller/ Distributor · 9 December 2020Licensed by the Financial Regulatory Authority (license 794 dated 9/12/2020) as a receiving entity for purchase and redemption requests of the investment fund.
• Arabi Online Securities and Bonds Broking (عربية اونلاين للوساطة في الأوراق المالية والسندات)coreChannel Partner/ Reseller/ Distributor · 26 November 2020Licensed by the Financial Regulatory Authority (license 44 dated 26/11/2020) as a receiving entity for purchase and redemption requests of the investment fund.
• HC Securities Trading (اتش سى لتداول الأوراق المالية)coreChannel Partner/ Reseller/ Distributor · 29 September 2020Licensed by the Financial Regulatory Authority (license 481 dated 29/9/2020) as a receiving entity for purchase and redemption requests of the investment fund.
• Market International Securities Trading (مباشر انترناشيونال لتداول الأوراق المالية)coreChannel Partner/ Reseller/ Distributor · 8 January 2020Licensed by the Financial Regulatory Authority (license 421 dated 8/1/2020) as a receiving entity for purchase and redemption requests of the investment fund.
• Arab African Investment Management (الشركة العربي الافريقي لإدارة الاستثمارات)coreTechnology or IntegrationAppointed as the investment manager for Misr Takaful Insurance's Sharia-compliant daily return cumulative money market investment fund. Manages the fund's portfolio in accordance with Islamic Sharia principles. The fund is licensed by the Financial Regulatory Authority under license number 853.
• Thunder Securities Trading (ثاندر لتداول الأوراق المالية)coreChannel Partner/ Reseller/ DistributorLicensed by the Financial Regulatory Authority (license 804 dated 2020) as a receiving entity for purchase and redemption requests of the investment fund.
• 3A Securities Trading (ثرى واى لتداول الأوراق المالية)coreChannel Partner/ Reseller/ DistributorLicensed by the Financial Regulatory Authority (license 192) as a receiving entity for purchase and redemption requests of the investment fund.
• Egyptian Investment Services and Underwriting Company (الشركة المصرية لخدمات الاستثمار وترويج وتغطية الاكتتاب)coreChannel Partner/ Reseller/ DistributorAuthorized receiving entity for purchase and redemption requests of the investment fund.
• Financial Regulatory Authority (FRA) (الهيئة العامة للرقابة المالية)coreOthersThe primary regulatory body overseeing Misr Takaful Insurance's operations. Approves capital increases, licensing, governance changes, and supervises compliance with insurance law and Sharia principles.

Scale indicators20 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Allianz Egypt: A leading Egypt-based conventional P&C and life insurer backed by Allianz Group, competing for both retail and corporate insurance customers. Represents the type of multinational-incumbent competition Misr Takaful faces in motor, fire, and medical.
• Tawuniya (The Company for Cooperative Insurance): One of the largest cooperative/Takaful insurance carriers in Saudi Arabia with diversified P&C and medical offerings. Comparable to Misr Takaful in Takaful business model mechanics, although significantly larger scale and more mature market presence.
• Misr Insurance Company: One of Egypt's largest state-owned conventional P&C insurance carriers and a major shareholder in Misr Takaful Insurance. Operates a much broader portfolio across all lines but in a conventional (non-Sharia-compliant) framework, so it overlaps substantially while serving different customer segments.
• AXA Egypt: Subsidiary of AXA, one of Egypt's largest conventional P&C and life insurers, with strengths in motor, medical, and corporate lines. Competes for the same corporate and retail customers as Misr Takaful but cannot serve Sharia-constrained segments.

Emerging players

• Suleiman Al Rajhi Cooperative Insurance (Takaful): A Saudi Arabia-based Takaful cooperative insurance provider. Useful as a regional Takaful benchmark for growth, margin, and surplus distribution mechanics, though currently operating in a different (mostly Saudi) geography.
• Arabian Shield Cooperative Insurance (Takaful): A Saudi-listed cooperative insurance company participating in Takaful lines. Comparable to Misr Takaful as a regional MENA Sharia-aligned P&C peer, though operating in a more developed insurance market.

Direct peers

• Gig Egypt Takaful (Family Takaful): The family Takaful arm of GIG Egypt offering Sharia-compliant life and savings products. Competes with Misr Takaful's cash investment fund and broader Islamic insurance positioning.
• Mohandes Insurance: A leading Egyptian P&C insurer and a key player in fire, motor, and engineering lines. Closely comparable to Misr Takaful in terms of scale, branch presence, and core P&C product mix in the Egyptian market.
• Al Ahly Takaful Egypt (Egyptian Life Takaful): A Sharia-compliant insurance provider in Egypt (tied to National Bank of Egypt). Competes with Misr Takaful for the same Islamic-finance-aligned retail and corporate customer base, offering both P&C and Family Takaful products.
• Egyptian Takaful Insurance (now GIG Egypt): Egypt's most established Takaful insurance carrier offering competing Sharia-compliant P&C and life products under the Globally Networked (GIG) brand. Direct competitor with broader product depth and an established multinational reinsurance relationship.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

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 Misr Takaful Insurance