TAKAFUL INTERNATIONAL RATED 'B++' BY A.M. BEST COMPANY
A.M. Best projects a stable outlook for Takaful International Company (TIC), along with a 'B++' in strength rating with stable outlook. This underlines the restoration of the company's financial strength and stability throughout the years, and the growth in all spheres of Insurance activity.
In this regard, Mr. Younis J. AlSayed, Chief Executive of Takaful International expressed his joy for such an achievement which reflects the level of performance par excellence as well as enhancement of opportunities in insurance investment and assertion to engage in large-scale projects to meet aspirations of the company being consistent with its vision. We are proud of maintaining Takaful International Co. in this category, in spite of the current world economic crisis in insurance and financial markets and are honored to be rated by one of the top and most prominent credit rating agencies in the world “A. M. Best”.
Mr. Younis commended that the rating reflects the company’s strength and stability of financial positioning, along with a sound Corporate Governance and all the regulatory and legislative compliance are made timely thereby reflecting a positive image of the company and entrusting strong confidence amongst the insurance market.
Takaful International Company which was founded in 1989 the first Islamic insurance company in the region that provides services and a variety of insurance coverage is fully compatible with the foundations of Islamic Sharia and the requirements of this era.
The company had also been awarded in 2010 the 3rd edition of Her Royal Highness Princess Sabeeka bint Ibrahim Al Khalifa Award for Bahraini Women's Empowerment in the private sector to honor the company’s continuous encouragement and support for developing and enhancing the role of Bahraini working Women.