UAE: Sukoon Takaful revenue doubles in 1H
Source: Middle East Insurance Review | Sep 2025
Sukoon Takaful Company, a subsidiary that is 94.66% owned by Sukoon Insurance, has delivered a standout performance in the first half of 2025, surpassing the entire 2024 revenue, the Islamic insurer said in a disclosure filed with the Dubai Financial Market.
Takaful contributions reached AED105.9m ($28.8m) in 1H2025 against AED55.3m generated in the first half of the previous year, a 92% jump.
Net profit before tax attributable to shareholders for 1H2025 rose to AED11.04m compared to AED6.19m for 1H2024, reflecting a growth of 78%. Net takaful income reached AED30.2m in 1H2025 compared to AED14.2m in the corresponding half of the previous year. Investment income attributable to shareholders reached AED6.7m in 1H2025, up from AED6.01m in 1H2024.
Mr Saood Abdulaziz Al Ghurair, Sukoon Takaful chairman, said, “These exceptional results reflect the tangible outcomes of our transformation strategy launched in 2023, which has helped in stabilising our operations, reestablishing prudent underwriting discipline coupled with a balanced investment portfolio. Our firm financial standing lays the groundwork for a trajectory of accelerated and resilient growth in the years ahead.
“The surge has been further fuelled by our focus on digital engagement and a growing uptake in both general and family takaful offerings.” M