Seller ID: SA2438776643 |
Registration Date: 26-08-2017 13:27:41 |
Free Member / Active |
Business Type: |
Established Year: |
Total Staff: 11-50 |
Achievements: |
Category: Insurance Companies |
Sub Category: Business Insurance |
Al Madina Insurance Company SAOG
Takaful Insurance is founded on the cooperative concept and on the principle of separation between the funds and the operations of shareholders; thus passing the ownership of the fund to the policyholders. These policyholders are known as ‘contributors’ or ‘participant’ as they are participating in the fund for their mutual benefit. The company manages and operates the Takaful fund on their behalf. The relationship between members of the fund is that of cooperation for mutual benefit. The individual members contribute to a well-managed fund where the core objective is for the welfare and protection of the entire group. They undertake a contract agreeing to mutually support each other in case of any misfortunes. Thus the essence of the relationship is one of strength and unity.
Al Madina Insurance Company SAOG
P.O. Box 80, Postal Code 136, Muscat, Sultanate of Oman
+968 22033888
@ reachus@almadinatakaful.com