Abu Dhabi National Takaful Company

Abu Dhabi National Takaful Company PSC
Company type	Public
Traded as	ADX: TKFL
Industry	Takaful
Founded	16 November 2003; 21 years ago
Headquarters	Tamouh Tower; Al Reem Island, Abu Dhabi, United Arab Emirates
Key people	Khamis Buharoon (Chairman); Osama Abdeen (CEO);
Products	General Takaful and Family Takaful;
Revenue	AED 793 million (2024)
Net income	AED 083 million (2024)
Total assets	AED 1,558 million (2024)
Total equity	AED 495 million (2024)
Website	www.takaful.ae

Abu Dhabi National Takaful Company PSC (Arabic: شركة أبوظبي الوطنية للتكافل ش.م.ع.) -- known simply as Takaful, تكافل, or ADNTC -- was established in 2003^[2] by the Abu Dhabi Islamic Bank (ADIB) and Abu Dhabi Investment Company.^[2] It is a powerful player in the UAE takaful market,^[3] based in Abu Dhabi. It offers a range of takaful products including motor, property, general accidents, family, medical, engineering, and Marine cargo coverage.^[4] Its shares are traded on the Abu Dhabi Securities Exchange as TKFL.^[5]

Ratings

ADNTC’s rating by credit rating agencies are:

AM Best has affirmed ADNTC's Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent). The Outlook is stable (12 December, 2024).[1]

Fitch Ratings has affirmed ADNTC's Insurer Financial Strength (IFS) Rating at 'A-'. The Outlook is Stable (18 Feb, 2025).[2]

Recognition

The company has won various awards including 'Best Bancatakaful Operator Middle East' at the International Takaful Summit 2012, 'Takaful Operator of the Year' in the Middle East by INSUREX Conference & Awards in 2012 and 2013, and 'Takaful Insurer of the Year' for MENA at the MENA Insurance Review (MENAIR) Insurance Awards 2014.^[6]