Al Manara Insurance

What Al Manara Insurance does

Al Manara Insurance (Al Manara Islamic Insurance, شركة المنارة للتأمين) is a Jordanian public shareholding insurance company founded in 1974 and headquartered in Amman. The company operates a Sharia-compliant Takaful (Islamic insurance) platform supervised by a dedicated Sharia Supervisory Board, providing 13 core insurance product lines spanning medical/health, vehicle, property, engineering, liability (general, professional, product, third-party), fidelity/embezzlement, bank coverage, workers compensation, personal accident, marine cargo, travel, and domestic workers insurance. Distribution is omnichannel across five physical branches in Amman (Shmeisani headquarters, Jabal Al-Hussein, Abdali, Marca) and Irbid, a call/WhatsApp contact center, a corporate website, and iOS/Android mobile applications.

The company serves three customer segments: individual and family consumers (primary), corporate and business customers (primary), and financial institutions (secondary). Its core technical platform features an online Medical Network Search tool that lets policyholders filter approved providers — doctors, hospitals, laboratories, imaging centers, pharmacies, and physical therapy centers — by specialty, city, and service type across 19+ Jordanian cities. No API, SDK, or AI/ML capability is publicly documented; the technology stack is positioned as a conventional insurance distribution and policy administration platform rather than a technology-first stack.

Revenue is generated through insurance premiums across the 13 product lines (a recurring premium model). Pricing is not publicly disclosed — customers request quotes per coverage — which is consistent with distributed, transactional volume rather than large anchor contracts. No specific revenue, headcount, premium volume, or financial statements were available in the source material; the website references a Financial Data section but figures are not disclosed. No parent company, institutional investors, funding rounds, M&A activity, or leadership changes are documented in the source content.

Name

Al Manara Insurance

Legal name

Al Manara Insurance Company (شركة المنارة للتأمين)

Website

https://almanarainsurance.com

Company type

Private

Founded year

1974

Operating status

Operating

Short description

Al Manara Insurance is a Jordanian Sharia-compliant Takaful insurer founded in 1974, offering 13 insurance lines including medical, vehicle, property, liability, and travel to individuals, businesses, and financial institutions across Jordan via branches and digital channels.

Ownership category

akta.pro rank

Product category

Takaful Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

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

akta.pro primary industry

Takaful Bancassurance (Islamic Insurance Distribution) (FSABAGAM)

Keywords

• Takaful insurance products
• Sharia-compliant insurance
• Medical insurance coverage
• Property and casualty insurance
• Commercial liability insurance

Headquarters

HQ city

Amman

HQ country

Jordan

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: The company generates revenue through collecting insurance premiums from various insurance products including medical, vehicle, property, engineering, liability, workers compensation, personal accidents, travel, marine cargo, and domestic workers insurance.

Distribution channels4 records

Marketing channels6 records

Core offering

Al Manara Insurance provides Sharia-compliant Islamic (Takaful) insurance products and services across multiple lines including medical, vehicle, property, engineering, liability, workers compensation, personal accidents, travel, marine cargo, fidelity/embezzlement, bank coverage, and domestic workers insurance. Established in 1974, the Jordanian public shareholding company operates under the oversight of a dedicated Sharia Supervisory Board and serves both individual and corporate customers through branch offices in Amman and Irbid, complemented by digital channels including a website, mobile applications, and WhatsApp support.

Product overview

Al Manara Islamic Insurance (المنارة الإسلامية للتأمين) is an Islamic Takaful insurance company offering a diversified portfolio of 13 core insurance products. Established in 1974 as a Jordanian public shareholding company, the company operates under Sharia-compliant frameworks with Sharia Supervisory Board oversight. The product portfolio spans health/medical insurance (with an extensive medical provider network), property and casualty lines (vehicle, property, engineering, marine cargo), liability coverage (general, professional, product liability), specialty lines (fidelity/bond, bank coverage, workers compensation, personal accident), and travel insurance. The company also provides a medical network search platform enabling policyholders to locate healthcare providers. The portfolio is complemented by mobile applications for policyholders.

Differentiator

Problem solved

Functional benefit

Products and services

• Medical Insurance

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves6 records

Expansion highlights3 records

Direct peers

• First Insurance Company (Jordan): Jordanian public shareholding insurer offering general P&C and life products. Comparable on corporate structure, geographic focus, and full-line approach.
• Arab Orient Insurance Company (GIG – Arab Orient): One of the largest general insurers in Jordan offering medical, motor, property, marine, engineering and other P&C lines. Directly comparable on product breadth, distribution model (branch + digital), and Jordanian market positioning.
• Delta Insurance Company (Jordan): Jordanian insurer providing medical, motor, property and engineering lines. Comparable on product mix and Jordanian-market focus, with similar branch-led distribution.
• Jordan Insurance Company: Jordanian public shareholding insurer with a broad multi-line portfolio including medical, motor, property and liability. Closest like-for-like peer on corporate form (public shareholding), Jordan-only footprint, and full-line offering.
• Arab International Insurance (AI Insurance): Jordanian general insurer offering medical, motor, property, marine and engineering coverage. Closely comparable on Jordanian market presence, multi-line portfolio, and corporate/customer-segment overlap.
• MEDGULF (Middle East Insurance Company): Jordanian-headquartered multi-line insurer covering medical, motor, property, marine and engineering. Comparable on Jordanian market focus, multi-line product set, and branch-based distribution.
• Islamic International Arab Insurance (IIAB): Jordan-based Takaful/Islamic insurance operator offering Sharia-compliant products. Directly comparable on Takaful positioning and regulatory framework in the same Jordanian market.

Broad incumbents

• Salama Cooperative Insurance Company: Large UAE-listed cooperative (Islamic) insurer with multi-line Takaful and family products. Comparable on Sharia-compliant operating model and broad product portfolio, but operates at much greater scale and across the GCC.

Regional players

• Takaful International Company (Bahrain): Bahrain-based Takaful operator offering family, medical and general Takaful products across MENA. Comparable on Islamic insurance framework and product mix, but headquartered in a different GCC geography.

Emerging players

• Amana Takaful Insurance: Takaful operator active across MENA markets offering family, motor and medical Takaful lines. Comparable on Sharia-compliant insurance model and family/medical focus, with overlap in regional Takaful positioning.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/ManaraInsurance
• LinkedInlinkedin.com/company/al-manara-insurance-plc-co
• Instagraminstagram.com/manarainsurance?igsh=enF1Yng1OTRubWEw

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

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 Al Manara Insurance