Methaq Takaful Insurance Co. changes board of directors

Mr. Samer Mohammed Kanan was also elected as the Managing Director, and he will manage the company's administrative staff and will officially, legally and financially represent the company, Methaq Takaful Insurance Co.

"The change in the board of directors aims at developing the company and supporting its continuous progress and expansion plans . I thank the board of directors for entrusting the staff and myself with managing the company and taking it to further heights, hand in hand with the establishing administrative team who have helped it succeed since inception,"

said Mr. Samer Kanan.

Methaq Takaful Insurance Company is a registered and licensed General Takaful company in the UAE, with a capital of Dhs150,000,000.

The company offers individuals and corporations a complete range of high quality, flexible, integrated, Shariah-compliant insurance products and services.

Methaq insurance and investment activities are conducted in accordance with Shariah guidelines, under the supervision of the Fatwa and Shariah Supervisory Board whose members are specialists in Islamic economics and Shariah transactions.

Established on March 11, 2008, Methaq Takaful Company was listed on Abu Dhabi Securities Exchange on May 11, 2008 and its activities are clearly segregated between Takaful Fund, which belongs to its policyholders, and Methaq Takaful Operation, which belongs to the shareholders and from which all claims are reimbursed.

After the deduction of expenses, claims and compensations at the end of each financial year, profits are distributed on to policyholders.