Al Madina Takaful

Al Madina Insurance Company SAOG (commonly known as Al Madina Takaful, Arabic: المدينة تكافل) is an Omani takaful company.

[1] In 2014, the Capital Market Authority granted Al Madina a takaful license.

[1] Al Madina then converted all its insurance business to become Sharia-compliant and became the first takaful company in Oman.

[2] After the conversion, Al Madina embarked on acquisitions to expand its operations.

[3] In 2014, Al Madina had a customer base of 37,000 policyholders.