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Al Madina Takaful
Al Madina Insurance Company SAOG (commonly known as Al Madina Takaful, ar, المدينة تكافل) is an Omani takaful company. It was founded in 2006 as an insurance company. In 2014, the Capital Market Authority granted Al Madina a takaful license. Al Madina then converted all its insurance business to become Sharia-compliant and became the first takaful company in Oman. After the conversion, Al Madina embarked on acquisitions to expand its operations. In 2014, it invested in a 9.5 percent stake (along with its major shareholder MB Holding) in Abu Dhabi-based takaful operator Watania National Takaful Company (Watania) PJSC ( ar, وطنية للتكافل) is a takaful company based in Abu Dhabi, United Arab Emirates. The company was created in 2011 by Abu Dhabi National Islamic Finance, Abu Dhabi National Insurance Company ... for AED 17.9 million. In 2014, Al Madina had a customer base of 37,000 policyholders. References External links * {{Official website , h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muscat Securities Market
The Muscat Securities Market (MSM, ar, سوق مسقط للأوراق المالية ) is the only stock exchange in Oman. It was established by the Royal Decree (53/88) issued on 21 June 1988, to regulate and control the Omani securities market and to participate, effectively, with other organisations for setting up the infrastructure of the Sultanate's financial sector. After ten years of continuous growth, there was a need for a better functioning of the market. Thus MSM has been restructured by two Royal Decrees (80/98) and (82/98). History The Royal Decree (80/98) dated 9 November 1998, which promulgated the new Capital Market Law, provides for the establishment of two separate entities, an exchange, Muscat Securities Market (MSM), where all listed securities shall be traded, and the Capital Market Authority (CMA) – the regulatory. The exchange is a governmental entity, financially and administratively independent from the regulatory but subject to its supervision. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al-Ghubra
Al Ghubra (also Al-Ghubrah or Ghubrah; Arabic: الغبرة) is a suburb of Muscat, the capital city of the Sultanate of Oman Oman ( ; ar, عُمَان ' ), officially the Sultanate of Oman ( ar, سلْطنةُ عُمان ), is an Arabian country located in southwestern Asia. It is situated on the southeastern coast of the Arabian Peninsula, and spans the mouth of t .... It is a developing town with a number of malls, hospitals, schools, hotels and many local businesses. There is a sizeable number of expatriates among the locals. The beach is a long expanse of sand dunes. There are many schools here which are owned by different communities. The town is well planned and known for its lake park designed especially with a walk-path and children's playground. Al-Ghubra is Oman's most popular shopping destination with Muscat Grand Mall Oman Avenue Mall and Panorama Mall being two of them. Also in this area lot of hotels and restaurants coffee shops are available. Many cuisines li ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muscat, Oman
Muscat ( ar, مَسْقَط, ) is the Capital (political), capital and most populated city in Oman. It is the seat of the Muscat (governorate), Governorate of Muscat. According to the National Centre for Statistics and Information (NCSI), the total population of Muscat Governorate was 1.4 million as of September 2018. The metropolitan area spans approximately and includes six Provinces of Oman, provinces called . Known since the early 1st century Anno Domini, AD as an important trading port between the Western world, west and the Eastern world, east, Muscat was ruled by various indigenous tribes as well as foreign powers such as the Sassanid Empire, Persians, the Portuguese Empire and the Ottoman Empire at various points in its history. A regional military power in the 18th century, Muscat's influence extended as far as East Africa and Zanzibar. As an important port-town in the Gulf of Oman, Muscat attracted foreign tradesmen and settlers such as the Persians, Baloch people, Bal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Takaful
Takaful ( ar, التكافل, sometimes translated as "solidarity" or mutual guarantee) Khan, ''What Is Wrong with Islamic Economics?'', 2013: p.403 is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic or ''sharia'' compliant alternative to conventional insurance, which contains ''riba'' (usury) and ''gharar'' (excessive uncertainty). Khan, ''What Is Wrong with Islamic Economics?'', 2013: p.402 Under takaful, people and companies concerned about hazards make regular contributions ("donations") to be reimbursed or repaid to members in the event of loss, and managed on their behalf by a takaful operator. Like other Islamic finance products, Takaful is grounded in Islamic ''Muamalat'' (commercial and civil acts or dealings branch of Islamic law). In 2018, the takaful industry had grown to a size of $27.7 billion of "contributions" (from a 2011 figure of $12 billion). The movement has been praised as providing "superior alternatives" to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Takaful
Takaful ( ar, التكافل, sometimes translated as "solidarity" or mutual guarantee) Khan, ''What Is Wrong with Islamic Economics?'', 2013: p.403 is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic or ''sharia'' compliant alternative to conventional insurance, which contains ''riba'' (usury) and ''gharar'' (excessive uncertainty). Khan, ''What Is Wrong with Islamic Economics?'', 2013: p.402 Under takaful, people and companies concerned about hazards make regular contributions ("donations") to be reimbursed or repaid to members in the event of loss, and managed on their behalf by a takaful operator. Like other Islamic finance products, Takaful is grounded in Islamic ''Muamalat'' (commercial and civil acts or dealings branch of Islamic law). In 2018, the takaful industry had grown to a size of $27.7 billion of "contributions" (from a 2011 figure of $12 billion). The movement has been praised as providing "superior alternatives" to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sharia
Sharia (; ar, شريعة, sharīʿa ) is a body of religious law that forms a part of the Islamic tradition. It is derived from the religious precepts of Islam and is based on the sacred scriptures of Islam, particularly the Quran and the Hadith. In Arabic, the term ''sharīʿah'' refers to God's immutable divine law and is contrasted with ''fiqh'', which refers to its human scholarly interpretations. In the historical course, fiqh sects have emerged that reflect the preferences of certain societies and state administrations on behalf of people who are interested in the theoretical (method) and practical application (Ahkam / fatwa) studies of laws and rules, but sharia has never been a valid legal system on its own. It has been used together with " customary (Urf) law" since Omar or the Umayyads. It may also be wrong to think that the Sharia, as a religious argument or belief, is entirely within or related to Allah's commands and prohibitions. Several non-graded crimes are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muscat Daily
''Muscat Daily'' is an Omani newspaper that was founded in 2009. The print edition of ''Muscat Daily'' is the largest-selling English daily in Oman with nearly 33,500 copies sold every day on Omani weekdays (Sunday to Thursday) . Apex Media includes it's free weekly newspaper 'theweek' free to Muscat Daily subscribers each Thursday as their weekend edition. ''Muscat Daily'' is owned by Apex Media, a leading Omani publishing company, established for nearly 40 years. Other publications in the Apex Media stable include the annual, ''Business Directory'' and ''Tribute''. Apex also does occasional projects such as the Map of Oman, Apex Map of Muscat, The Sultan Qaboos Grand Mosque coffee table book etc. Apex Media was founded in 1980 by Omani businessman Saleh Zakwani, who is also the current Executive Chairman of the company. The newspaper celebrated its first anniversary on October 13. ''Muscat Daily'' is accessible online amuscatdaily.com Content Editorial content is generated by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MB Holding
MB Holding Company LLC is an Omani conglomerate with interests in oil and gas exploration and production, oilfield services, engineering and mining. The company was founded in 1982 by Mohammed Al Barwani as an oilfield service provider to oil producers such as Petroleum Development Oman and Occidental Petroleum. It subsequently expanded into exploration and production and gained concessions in Oman, Egypt and Mozambique. MB's engineering arm is involved in the aerospace and defense industry. Its mining subsidiary, Mawarid Mining, was set up in 2000 and is the largest private mining company in Oman. Mawarid is the first private mining company to engage in copper and gold exploration in Oman. Musstir, the property development arm, specialises in the development of hotels. MB acquired Oceanco, a luxury yacht builder based in the Netherlands, in 2010. Its other investments include Nautilus Minerals (28 percent), an underwater mineral exploration company based in Canada, Al Madina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Watania
National Takaful Company (Watania) PJSC ( ar, وطنية للتكافل) is a takaful company based in Abu Dhabi, United Arab Emirates. The company was created in 2011 by Abu Dhabi National Islamic Finance, Abu Dhabi National Insurance Company, TAQA and Aldar Properties. These founding investors floated around 55 percent of the company's shares in an initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ... which was seven times oversubscribed. The company commenced operations shortly after, with the opening of two branches in Abu Dhabi and Dubai over the following two years. In 2014, Oman-based conglomerate MB Holding acquired a 60.5 percent stake in the company through two subsidiaries, including Al Madina Takaful. Watania operates using the wakala model a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
