What Orient Takaful Pjsc does

Orient Takaful PJSC is a UAE-based Shariah-compliant takaful (Islamic insurance) operator and subsidiary of the diversified Al-Futtaim Group, functioning as the takaful arm of the Orient Group alongside sister company Orient Insurance PJSC. Founded in 1984 and headquartered in Dubai with a branch in Sharjah, the company writes diversified risk across three product lines: Personal Lines (Motor Takaful, Home Takaful), Commercial Lines (Property, Engineering, General Accident, Marine, Liability, Motor Fleet), and Medical Lines (Individual, SME, Large Corporates). The portfolio is complemented by specialty add-ons including Cyber Crime, Directors & Officers, Professional Indemnity, and Commercial General Liability takaful covers. Revenue is generated through a Wakala fee of 35% of gross takaful contributions plus a 35% share of net Mudaraba investment profits, governed by an Internal Sharia Supervisory Committee.

The company distributes products through direct sales offices in Dubai and Sharjah, a broker and agent network managed by a dedicated business development and broker relations team, and online self-service portals for motor claims intimation and medical insurance quotations/purchases. Backed by AED 200 million paid-up capital and group-level ratings of AM Best A (Excellent) and S&P A+, Orient Takaful serves primarily the UAE market (approximately 90% of insurance services revenue in 2025) with selective presence in Oman, Bahrain, Syria, and Egypt. Reinsurance capacity is anchored by a panel led by QBE Re, which supports underwriting scale and catastrophe protection. The technology stack comprises electronic motor claims workflows, online medical insurance quotation and policy management portals, and customer feedback systems — standard insurance workflow infrastructure without disclosed AI/ML differentiation. Operating performance is strong, with 14.7% ROE and 82.1% net non-life combined ratio in 2025, reflecting profitable underwriting and disciplined risk selection.

Name

Orient Takaful Pjsc

Legal name

Orient Takaful PJSC

Website

https://orienttakaful.ae

Company type

Public

Founded year

1984

Operating status

Operating

Short description

Orient Takaful PJSC is a UAE-based Shariah-compliant takaful (Islamic insurance) company and Al-Futtaim Group subsidiary, offering personal, commercial, and medical insurance solutions to individuals, SMEs, and large corporates across the UAE and select Middle East markets.

Ownership category

akta.pro rank

Product category

Takaful Insurance (Islamic Insurance)

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Takaful Bancassurance (Islamic Insurance Distribution) (FSABAGAM)

akta.pro secondary industries

Protection & Indemnity (P&I) / Marine Liability Insurance (FSAJAHAH), Premises/Operations Liability Umbrella / Excess (FSAJANAL)

Keywords

• Takaful insurance
• Islamic insurance
• Motor insurance
• Medical insurance
• Commercial insurance

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Takaful Contributions - Wakala Fee: The company charges a Wakala fee of 35% of gross Takaful contributions for managing Takaful operations. This is a percentage-based revenue stream from policy premiums collected.
2. Mudaraba Investment Profit Share: The company receives 35% of the net profit from Mudaraba investments managing the Takaful fund. This represents investment income shared from managing policyholder funds.
3. Takaful Insurance Premiums: Collection of Takaful contributions (premiums) from policyholders for coverage across motor, home, commercial, and medical insurance lines. Premiums are competitive with conventional insurance counterparts.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Orient Takaful PJSC is a Shariah-compliant takaful (Islamic insurance) company based in Dubai, UAE, offering personal lines (motor, travel, personal medical, home), commercial lines (property, engineering, marine, liability, fleet), and group/medical insurance to individuals and businesses in the UAE. Products are structured under the Wakala (agency) takaful model overseen by a Sharia Supervisory Board.

Product overview

Orient Takaful PJSC is a Shariah-compliant Takaful (Islamic insurance) company offering diversified risk solutions. The company operates a multi-category product portfolio organized into three main lines: Personal Lines (Motor Takaful, Home Takaful), Commercial Lines (Property, Engineering, General Accident, Marine, Liability, Motor Fleet), and Medical Lines (Individual, SME, Large Corporates). Core products include Motor Third Party and Comprehensive covers, Property Takaful, Engineering Takaful covering Contractors All Risk, Erection All Risk, and Machinery Breakdown, Marine Takaful for cargo and hull, and comprehensive Liability covers including Cyber Crime, Employers Liability, Commercial General Liability, Directors & Officers, and Professional Indemnity. The Medical division provides Individual, SME, and Large Corporate health takaful solutions. All products operate under Shariah compliance principles with oversight from the company's Internal Sharia Supervisory Committee, which approves Wakala fees (35% of gross contributions) and Mudaraba profit sharing arrangements.

Differentiator

Problem solved

Functional benefit

Products and services

• Motor Takaful Shariah-compliant motor (vehicle) insurance for individual car owners and corporate fleet operators in the UAE, providing third-party liability and comprehensive cover under a takaful contract.
• Personal Medical Takaful Shariah-compliant individual and family health/medical insurance plan for UAE residents seeking Islamic-finance-compliant health cover.
• Travel Takaful Shariah-compliant travel insurance covering trip cancellation, medical emergencies, and baggage for individual travelers.
• Home Takaful Shariah-compliant home and contents insurance for residential property owners and tenants in the UAE.
• Property Takaful Shariah-compliant commercial property insurance for businesses covering buildings, contents, and business interruption under a takaful contract.
• Engineering Takaful Shariah-compliant engineering insurance covering contractor's all risk, erection all risk, and machinery breakdown for construction and industrial projects.
• Marine Takaful Shariah-compliant marine insurance covering cargo and hull risks for businesses engaged in import, export, and shipping.
• Liability Takaful Shariah-compliant liability insurance providing general and professional liability cover for businesses operating in the UAE.
• Group Medical Takaful Shariah-compliant group/employee medical insurance provided to UAE corporates and SMEs as an employee benefit under a takaful contract.

Quantifiable outcome

• 14.7% return-on-equity ratio in 2025
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• QBE RecoreTechnology or IntegrationOrient Takaful has a robust panel of reinsurers led by QBE Re, one of the world's leading reinsurers. QBE Re provides reinsurance capacity enabling Orient Takaful to expand its underwriting capacity, stabilize underwriting results, finance expanding volume, and secure catastrophe protection.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Walaa Cooperative Insurance Company: Saudi-listed cooperative (Islamic-compliant) insurer offering motor, medical, property and engineering cover across GCC markets. Comparable as a multi-line GCC cooperative/takaful insurer with similar product breadth and Shariah compliance orientation.
• Dar Al Takaful PJSC: UAE-listed Shariah-compliant takaful insurer offering motor, medical, and general takaful products to individuals and corporates in the UAE. Direct head-to-head competitor in the same geographic and product market.
• Salama Cooperative Insurance Company (Islamic Arab Insurance): UAE-based Islamic cooperative insurance company providing family, motor, medical and general takaful products. Directly comparable as a Shariah-compliant multi-line insurer operating in the same UAE market.
• Dubai Islamic Insurance & Reinsurance Co. (AMAN): UAE-based Islamic insurance and reinsurance provider offering family takaful, motor, marine and general takaful products. Direct peer operating in the same Shariah-compliant UAE insurance market with overlapping product lines.
• Abu Dhabi National Takaful Co. PSC: Abu Dhabi-headquartered takaful operator offering motor, medical, property and engineering cover to UAE customers under Shariah principles. Most directly comparable UAE takaful competitor with overlapping product lines and customer segments.
• Orient Insurance PJSC: UAE-headquartered sister company under Al-Futtaim Group and the largest UAE insurer with 21% market share by GWP. Direct comparable on customer base, geography, capital backing, and parent ecosystem—only differentiated by conventional vs. takaful structure.

Broad incumbents

• Abu Dhabi National Insurance Company (ADNIC): UAE-listed, large multi-line insurer offering motor, medical, property, marine, energy and aviation. Direct competitive incumbent in the same UAE market with substantially greater scale and product diversification.
• Oman Insurance Company: UAE-headquartered, listed multi-line insurer (part of Mashreq/Omantel ownership) offering motor, medical, energy, marine and engineering lines. Broad incumbent comparable on UAE market positioning, ratings, and product breadth though operating conventional rather than takaful.
• Qatar Insurance Company Q.S.P.C. Largest insurer in MENA by GWP, offering P&C, life, and takaful lines across GCC and global markets. Provides benchmark for regional scale, capital strength, and reinsurance leadership that Orient Takaful competes against on larger commercial accounts.
• AXA Insurance Gulf: UAE and GCC branch of global insurer AXA, offering motor, health, property and personal lines. Broad incumbent competitor with significantly larger balance sheet and brand, competing in the same UAE retail and SME segments.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/OrientTakaful
• Facebookfacebook.com/Orient-Takaful-PJSC-104231305701423
• LinkedInlinkedin.com/company/orienttakafulpjsc
• Instagraminstagram.com/orienttakaful

Compliance4 records

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 Orient Takaful Pjsc