First Takaful Insurance Company (FTIC) is assessed as having marginal operating performance, reflecting the insurer's weak, albeit improving, overall profitability, indicates AM Best.
Zamzam Takaful Insurance Company (Zamzam) has a good track record of underwriting and overall profitability over the past five years. In addition, the predominance of short-tail insurance business reduces reserving risk and enables the insurer to respond to changing market conditions without much delay, notes Moody's Ratings (Moody's).
The board of directors of Orient Insurance, the UAE's biggest insurer in terms of insurance revenue and net profit, has approved the establishment of a takaful window.
Damaan Islamic Insurance Company "Beema" (Beema), based in Qatar, shows consistently strong underwriting and overall profitability, as reflected in a combined ratio of 87.9% and return on capital of 14.5% for 2025, says Moody's Ratings (Moody's).
Kazakhstan plans to widen conditions for the development of Islamic insurance (takaful) and the expansion of the range of Shariah-compliant insurance products, including allowing the forming of takaful windows.
Regulatory frameworks, financial literacy and distribution infrastructure continue to evolve in Africa, creating significant opportunities for future growth of takaful, according to Moody's Ratings.
The first half of 2026 presents a clear divergence between growth and earnings quality for Oman's listed insurance sector, according to BADRI Management Consultancy, an international actuarial and risk consultancy.
Moody's Ratings has said that it expects moderate growth in global Islamic insurance premiums over the next two to three years.
The Financial Services Authority (OJK) has assessed that the insurance industry has room for growth in the second half of 2026. Aside from investments, several business lines, including Shariah life insurance, are considered to have positive prospects even though the industry faces economic dynamics.
Qatari takaful companies posted profits attributable to shareholders of QAR335m ($92m) in 2025, representing a growth rate of 2.7% compared with 2024, according to Bait Al Mashura Financial Consultations Company.