Alsalama Insurance Company

What Alsalama Insurance Company does

Alsalama Insurance Company Limited (شركة السلامة للتأمين المحدودة) is a Sudan-based, Sharia-compliant Takaful insurance provider founded in 1992 through the initiative of Sudanese Islamic Bank and a group of national investors. The company offers a broad portfolio of more than 20 general and family Takaful product lines, including motor, fire, engineering, agricultural, livestock, medical, marine, war risk, workmen's compensation, credit, money, fidelity guarantee, public liability, energy, loss of profit, microfinance protection, and group life and credit insurance, serving individuals, families, businesses, and microfinance institutions across Sudan. Its distribution combines an extensive nationwide physical network of 28 branches and 81 service offices — including a 24-hour airport branch — with a proprietary digital self-service platform (client.alsalama.sd) that the company positions as Sudan's first digital Takaful platform, supporting online quotations, policy issuance, electronic payments, renewals, and claims submission.

The business operates under a Takaful model in which participants contribute to a pooled, Sharia-compliant risk-sharing arrangement supervised by a Sharia Supervisory Board, with revenue generated through recurring premium contributions across product lines. Pricing is quote-based and risk-adjusted rather than standardized, and the company states that it is backed by leading Takaful reinsurance partners. Alsalama is privately held with Sudanese Islamic Bank as the founding principal shareholder, and its senior leadership includes a General Manager who also serves as President of the Sudan Insurance Companies Union, reflecting institutional standing within the Sudanese insurance industry. The company markets its services through its digital platform, social media channels, and physical branch network, and has participated in regional industry events such as the 8th Aqaba Conference for Insurance Works.

The company is geographically concentrated entirely in Sudan, with all 28 branches and 81 service offices located domestically, no subsidiaries, no disclosed funding rounds, and no public listing. Operational disclosures are limited: no revenue, headcount, or premium income figures are publicly available, and the most recent dated corporate events in the source material are 2021 and 2022 general assemblies and a 2022 agricultural insurance workshop.

Name

Alsalama Insurance Company

Legal name

شركة السلامة للتأمين المحدودة (Alsalama Insurance Company Limited)

Website

https://alsalama.sd

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

Alsalama Insurance Company is a Sudan-based Sharia-compliant Takaful insurer, founded in 1992, offering 20+ general, medical, and family Takaful products to individuals, businesses, and microfinance institutions through 28 branches, 81 service offices, and a proprietary digital platform.

Ownership category

akta.pro rank

Product category

Takaful Insurance

NAICS

Insurance Carriers (5241), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

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

akta.pro primary industry

Takaful Bancassurance (Islamic Insurance Distribution) (FSABAGAM)

Keywords

• Takaful insurance
• General insurance
• Islamic insurance
• Motor insurance
• Medical insurance

Headquarters

HQ city

Khartoum East

HQ country

Sudan

HQ region

Africa

Offices21 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Takaful Insurance Premiums: The company collects contributions (premiums) from participants under Sharia-compliant Takaful (Islamic insurance) arrangements, covering general insurance, medical insurance, and specialized lines such as motor, fire, engineering, agricultural, and microfinance protection insurance.
2. General Insurance Products: Revenue generated from a comprehensive range of general insurance products including fire, marine, war risk, workmen's compensation, credit, money, fidelity guarantee, public liability, engineering, agricultural, livestock, energy, and microfinance insurance policies.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Alsalama Insurance Company provides Sharia-compliant Takaful insurance products to individuals, families, and businesses across Sudan. Its portfolio spans general insurance lines (motor, fire, engineering, marine, agricultural, livestock, energy), medical insurance, microfinance protection, and group life/credit coverage, all structured under cooperative Takaful principles. Policies are distributed and serviced through a proprietary digital platform (client.alsalama.sd) and an extensive physical branch network of 28 branches and 81 service offices.

Product overview

Alsalama Insurance Company offers a comprehensive portfolio of insurance products under a Sharia-compliant Takaful framework, serving individuals, families, and businesses across Sudan. The company provides a multi-product insurance platform consisting of core insurance offerings including Motor, Fire, Engineering, Agricultural, Livestock, Medical, Microfinance, Takaful, Marine, War Risk, Workmen Compensation, Credit, Money, Fidelity Guarantee, Public Liability, Energy, Loss of Profit, and Group Life/Credit insurance. The portfolio is complemented by a modern digital platform (client.alsalama.sd) enabling online quotations, policy management, renewals, and claims processing. The company operates 28 branches and 81 offices nationwide, offering both General Insurance and Takaful (Islamic insurance) products founded on principles of cooperation, risk sharing, transparency, and ethical business practices.

Differentiator

Problem solved

Functional benefit

Products and services

• Motor Insurance (تأمين المركبات)

Quantifiable outcome

• Surplus distribution of 75% to policyholders (as announced at the 28th General Assembly meeting for fiscal year 2020)

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators5 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• Blue Nile Insurance Company (Sudan): Sudanese general insurance company underwriting a comparable portfolio of motor, fire, engineering, and life products. Direct domestic peer with similar target segments including corporates and individuals.
• Shiekan Insurance & Reinsurance Company: Sudan-based general and Takaful insurance carrier operating in the same domestic market with overlapping general insurance and reinsurance products. Most direct comparably sized Sudanese competitor to Alsalama.
• Islamic Arab Insurance Company (Salama Egypt): Egypt-listed Takaful insurance carrier offering family, motor, medical, and property Takaful products. Closest pan-Arab Takaful peer with comparable product taxonomy and Sharia-supervised structure.
• Abu Dhabi National Takaful Company (Takaful): UAE-listed Takaful insurer providing family, medical, motor, and general Takaful. Comparable Sharia-supervised product set with stronger capital markets access.
• Salama Cooperative Insurance Company (Saudi Arabia): Saudi-listed cooperative (Takaful) insurer offering health, motor, and general insurance under Sharia principles. Operates in a neighboring market with a similar Takaful governance model and digital-first positioning.
• Qatar Islamic Insurance Company (QIIC): Qatari Sharia-compliant insurance carrier offering general Takaful and life products. Comparable Takaful model with similar regulatory oversight and product breadth.
• National Insurance Company of Sudan (NIC): One of Sudan's largest state-linked general insurance carriers offering motor, fire, marine, and life products domestically. Directly competes with Alsalama across the same general insurance lines in the Sudanese market.
• Walaa Cooperative Insurance Company (Saudi Arabia): Saudi cooperative (Takaful) insurer with broad general and health coverage. Regional Takaful peer with similar product breadth and underwriting focus.
• Takaful International Company (Bahrain): Bahraini Takaful insurance carrier offering motor, fire, medical, and engineering coverage. Comparable cooperative/Takaful model and Middle East regional positioning.

Regional players

• AMAN Cooperative Insurance Company (Saudi Arabia): Saudi cooperative (Takaful) insurer offering medical, motor, and general insurance. Comparable Takaful model operating in a different geography but with similar distribution and product mix.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/alsalamainsco
• LinkedInlinkedin.com/company/alsalama-insurance-company
• Instagraminstagram.com/alsalamainsco

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 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 Alsalama Insurance Company