Qatar-listed takaful operator Damaan Islamic Insurance Company (Beema) has maintained strong profitability in 2025, with shareholders' net profit rising 12.9% to QAR95.6m ($26.0m), 12.9% higher compared with QAR84.6m in 2024.
“This reflects ongoing business growth and disciplined operational management, underpinning continued value creation for shareholders,” Beema said in a statement.
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Financial highlights
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Metric
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2025 (QAR)
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2024 (QAR)
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Change (%)
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Recognised takaful contributions
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605.2m
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471.8m
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+28.3%
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Shareholders' Net Profit
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95.6m
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84.6m
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+12.9%
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Net Investment Income
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49.1m
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37.3m
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+31.6%
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Total Investments (Fair Value)
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1,026.4m
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837.3m
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+22.6%
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Shareholders’ Equity (@31 Dec)
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619.2m
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557.6m
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+11.0%
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Source: Beema
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The net investment income in 2025 was split between policyholders (QAR30.2m) and shareholders (QAR18.9m).
Beema’s performance was supported by growth across all core business lines. The family takaful and health segment’s contributions increased to QAR296.2m in 2025 from QAR238.6m in 2024; fire and general accident rose to QAR140.3m from QAR104.3m, and motor increased to QAR151.2m from QAR120.0m.
Beema CEO Nasser Al Misnad said, “The year 2025 reflected disciplined execution and financial resilience for Beema. Growth in recognised takaful contributions, investment income, and shareholders’ net profit demonstrates the strength of our operating model and the effectiveness of our underwriting and investment discipline. Supported by a debt-free balance sheet, strong liquidity, and a prudent risk management framework, we remain focused on delivering sustainable value while maintaining our responsibilities to policyholders and shareholders within Qatar’s Islamic insurance sector.”
Beema said that the financial results were prepared in accordance with the new accounting standard for Islamic insurance institutions, FAS 43, issued by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and effective from 1 January 2025. The prior year figures have been restated for comparability.
The company holds a Moody’s ‘A3’ Long-Term Insurance Financial Strength Rating and an AM Best ’A-‘ (Excellent) rating, underscoring its commitment to offering innovative, Shari’a compliant solutions.