Noor Takaful

Noor Takaful Family & Noor Takaful General are sister companies, established in early 2009, to provide a broad range of Islamic insurance (Takaful) general and customised insurance products and services to individuals, families, groups and companies in the UAE market. They are the first such entities to abide by the new Federal Law No. 6 of 2007, which requires life and non-life insurance businesses to be separate legal entities.

Noor Takaful | Ethical Insurance
TypePublic Joint Stock Company
IndustryInsurance (Takaful)
Founded2009
Headquarters
Dubai, United Arab Emirates
Number of locations
3
Key people
Sheikh Ahmed bin Saeed Al Maktoum, Chairman

Rajesh Sethi, CEO

Karim Khan, CFO
ProductsPersonal Takaful Business Takaful
ServicesShari'a Compliant Insurance
Number of employees
161
Websitewww.noortakaful.com

Board of Directors
  • Sheikh Ahmed bin Saeed Al Maktoum, Chairman
  • Mr. Essa Abdulfattah Kazim AlMulla
  • Dr. Mohammed Ahmed Al Zarooni
  • Mr. Mohamed Sulaiman Abdulaziz Almulla
  • Mr. Mahomed Akoob
  • Mr. Farrukh Seer
  • Mr. John Iossifidis[1]

Milestones
  • January 2009: Noor Takaful (Noor Takaful General) obtained license from the UAE Insurance Authority.
  • January 2009: Noor Takaful issued its first insurance (Takaful) certificate.
  • January 2009: Noor Takaful established its head office at Business Central Towers (Dubai).
  • January 2009: Sheikh Ahmed bin Saeed Al Maktoum officially launched Noor Takaful.
  • April 2009: Noor Takaful launched its first advertising campaign for promoting travel, motor, medical and marine Takaful products with the tag line ‘Because you never know what life has in store’.
  • April 2009: Noor Takaful conducted its first joint road show with its sister company, Noor Bank at the Mall of the Emirates, Dubai.
  • April 2009: Noor Takaful sponsored the World Takaful Conference 2009.[2][3][4]
  • June 2009: Noor Takaful launched Noor Travel Takaful and Individual Medical Takaful products.
  • June 2009: Noor Takaful sponsored Pakistan vs Australia Twenty20 cricket matches.
  • July 2009: Noor Takaful launched its Marine Cargo and Marine Hull Takaful products.
  • September 2009: Noor Takaful jointly sponsored the Ramadan prayer timetable in the Al Emarat Al Youm newspaper with its sister company Noor Bank.
  • October 2009: Noor Takaful Launched e-Takaful and became the first online Takaful operator in the GCC.
  • October 2009: Noor Takaful Launched Motor Takaful campaign deployed over an integrated media platform.
  • October 2009: Noor Takaful jointly sponsored Leaders in Dubai 2009 with Noor Bank.[5]
  • October 2009: Noor Takaful sponsored Pakistan vs New Zealand Twenty20 cricket matches.
  • November 2009: Noor Takaful launched new corporate website to support e-Takaful.
  • December 2009: Awarded Best Takaful Operator 2009 by 'Islamic Business Awards' held by CPI Financial.
  • July 2010: Awarded Best New Takaful Company and Best Takaful Marketing Campaign at the Takaful 2010 Awards.[6]
  • February 2012: Awarded Takaful Insurer of the Year at the MENA region by MENA Insurance Awards.[7]
  • February 2017: Signed Dubai Declaration on Sustainable Finance with Ministry of Climate Change.
  • March 2017: Announced as Participating Insurer (PI) by Dubai Health Authority.
  • April 2018: Winner of yallacompare Banking and Insurance Award 2018 as the "Takaful Provider of the Year".[8]
  • April 2018: Winner of International Business Excellence Award 2018 in the “Financial Services, Banking & Investment” category.[9]
  • October 2018: Winner of the “Best Customer Service Takaful 2018” award at the IBM Awards 2018.
  • October 2018: Winner of the “Best Takaful Company UAE 2018” award by the Global Banking & Finance Review, UK.
  • November 2018: Winner of the “Sustainable Marketing Practices Award” by the International Business Magazine.
  • November 2018: “Ethical Insurance Initiative” recognised by the International Business Magazine.
  • December 2018: “Happiness Centre Initiative” recognised by the Insurance Authority, UAE.
  • December 2018: Winner of the “Excellence in Personal Accident Service Award” at the Global Business Insight Awards 2018.
  • May 2019: Received the Insurance Authority (IA) award for 'Innovation Corner and Happiness Centre'.
  • May 2019: ‘Ethical Insurance Provider of the Year’ award by MEA Markets, UK at UAE Business Awards 2019.
  • June 2019: Winner of the “Best Takaful Company UAE 2019” award by the Global Banking & Finance Review, UK.
  • July 2019: Winner of the 'Best Medical Takaful Provider UAE 2019' by 'International Business Magazine'.
  • November: 2019: Noor Takaful conducts research study in partnership with RoadSafetyUAE on 'How Tolerant are UAE Motorists?'.
  • November 2020: Winner of 'Best Takaful Provider' at Banker Middle East Industry Awards.
  • October 2019: Awarded the 'Most Ethical Brand of the Year 2019' at 'The Middle East Marketing & Branding Leadership Awards'.
  • February 2020: Noor Takaful and Commercial Bank of Dubai (CBD) sign partnership agreement to provide comprehensive Takaful solutions to CBD customers.
  • May 2020: Signed partnership agreement with CAFU.
  • May 2020: UAE's first virtual signing took place between Noor Takaful and Deem Finance to announce new finance solutions for SMEs and corporates.

References
  1. "Noor Takaful | Islamic Insurance". www.noortakaful.com. Retrieved 2018-07-15.
  2. "300 Insurance leaders gather to lay new foundations for growth of Takaful Industry in the context of the global economic crisis", Zawya, UAE, 13 April 2009
  3. Benham, Jason (15 April 2009), "Islamic insurance to grow up to 40 percent", Reuters, UAE
  4. Burns, Carrie (15 April 2009), "E&Y: Takaful Market to Grow Significantly", Insurance Networking News, UAE
  5. "GCC execs in for a reality check at Leaders in Dubai Business Forum", MENAFN, UAE, 26 October 2009
  6. "Noor Takaful Awarded the "Best New Takaful Company" And "Best Takaful Marketing Campaign" At The 4th International Takaful Awards 2010". Middle East Events. July 20, 2010.
  7. Byrne, Michael (February 2, 2012). "Noor Takaful named Takaful Insurer of the Year in the MENA region". SME Advisor.
  8. "Noor Takaful | Islamic Insurance". www.noortakaful.com. Retrieved 2018-07-15.
  9. "Previous Winners". ibxawards.com. Retrieved 2018-07-15.
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