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Abu Dhabi National Takaful Company
Abu Dhabi National Takaful Company PSC ( ar, شركة أبوظبي الوطنية للتكافل ش.م.ع.) -- known simply as Takaful, تكافل, or ADNTC -- was established in 2003 by the Abu Dhabi Islamic Bank (ADIB) and Abu Dhabi Investment Company. It is a powerful player in the UAE takaful market based in Abu Dhabi, offering a range of takaful products including motor, property, general accidents, family, medical, engineering and Marine cargo coverage. Its shares are traded on the Abu Dhabi Securities Exchange as TKFL. In 2014, it underwent a review of its wakala fee structure which improved the balance of earnings between the participant and shareholder funds. In 2015 ADIB became a significant shareholder with a 41.7 percent interest. 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 20 ... [...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] |
Abu Dhabi Securities Exchange
Abu Dhabi Securities Exchange (A.D.X.; formerly Abu Dhabi Securities Market (ADSM); ar, سوق أبو ظبي للأوراق المالية) is a stock exchange in Abu Dhabi, United Arab Emirates (UAE). Listed companies by sector List provided by Emirates Securities & Commodities Authority (SCA), including 73 companies in 4 sectors, whereas Abu Dhabi Securities Exchange provides more sectors. Banking Sector *ADCB: Abu Dhabi Commercial Bank *ADIB: Abu Dhabi Islamic Bank *BOS: Bank of Sharjah *CBI: Commercial Bank International *FGB: First Gulf Bank *FH: Finance House *INVESTB: Invest Bank *NBAD: National Bank of Abu Dhabi *NBF: National Bank of Fujairah *NBQ: National Bank of Umm Al Qawain *NBS: Sharjah Islamic Bank *NIB: Noor Bank *RAKBANK: The National Bank of Ras Al Khaima in UAE *UAB: United Arab Bank *UNB: Union National Bank Energy Sector *ADNOCDRILL: ADNOC Drilling *ADNOCDI ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Listed On The Abu Dhabi Securities Exchange
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 2003
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Abu Dhabi
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Takaful Companies Of The United Arab Emirates
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" t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Middle East And North Africa
MENA, an acronym in the English language, refers to a grouping of countries situated in and around the Middle East and North Africa. It is also known as WANA, SWANA, or NAWA, which alternatively refers to the Middle East as Western Asia (or as "Southwestern Asia" in the case of "SWANA") and is a way to refer to the geography instead of the political term. As a regional identifier, ''MENA'' is often used in academia, military planning, disaster relief, media planning (as a broadcast region), and business writing. Moreover, the region shares a number of cultural, economic, and environmental similarities across its comprising countries; for example, some of the most extreme impacts of climate change will be felt in MENA. Some terms have a wider definition than MENA, such as MENASA, MENAP or Greater Middle East, which extends to South Asia to include the countries of Afghanistan and Pakistan. The term MENAT explicitly includes Turkey, which is usually excluded from some MENA d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wakala
Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include ''Mudarabah'' (profit-sharing and loss-bearing), ''Wadiah'' (safekeeping), '' Musharaka'' (joint venture), ''Murabahah'' (cost-plus), and ''Ijara'' ( leasing). Sharia prohibits ''riba'', or usury, defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to ''riba''). Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also ''haram'' ("sinful and prohibited"). These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent un-Islamic practices. In the late 20th century, as part of the Isla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Khaleej Times
''Khaleej Times'' is a daily English language newspaper published in Dubai, United Arab Emirates. Launched on 16 April 1978, ''Khaleej Times'' is the UAE's longest-running English daily newspaper. History and profile A partnership between the UAE government, the Galadari Brothers and the Dawn Media Group in Pakistan began publishing the daily on 16 April 1978, making it the first English daily in the UAE. The founding team consisted of Mahmoud Haroon, Muzammil Ahmed, M.J. Zahedi, Malcolm Payne (the first editor-in-chief) and Iqbal Noorie (in charge of circulation). They were soon joined by Patrick Heyland who was in charge of advertising and promotion. The editorial staff of the paper includes multiple nationalities, mostly from the Indian subcontinent (India, Pakistan, Bangladesh and Sri Lanka), but also Emiratis, Arabs from the wider region (notably Egyptians, Syrians and Jordanians), Lebanese, Mexicans, British, Americans and Filipinos. The broadsheet comprises the general n ... [...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] |
Abu Dhabi
Abu Dhabi (, ; ar, أَبُو ظَبْيٍ ' ) is the capital and second-most populous city (after Dubai) of the United Arab Emirates. It is also the capital of the Emirate of Abu Dhabi and the centre of the Abu Dhabi Metropolitan Area. The city of Abu Dhabi is located on an island in the Persian Gulf, off the Central West Coast. Most of the city and the Emirate reside on the mainland connected to the rest of the country. , Abu Dhabi's urban area had an estimated population of 1.5 million, out of 2.9 million in the emirate of Abu Dhabi, as of 2016. The Abu Dhabi Investment Authority is headquartered in the city, and was the world's 5th largest sovereign wealth fund in 2021. Abu Dhabi itself has over a trillion US dollars worth of assets under management in a combination of various sovereign wealth funds headquartered there. Abu Dhabi houses local and federal government offices and is the home of the United Arab Emirates Government and the Supreme Petroleum C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abu Dhabi Islamic Bank
Abu Dhabi Islamic Bank PJSC ( ar, مصرف أبوظبي الإسلامي) is an Islamic bank based in Abu Dhabi city, in the United Arab Emirates. Establishment Abu Dhabi Islamic Bank was established on 20 May 1997 as a Public Joint Stock Company through the Amiri Decree No. 9 of 1997. The Bank commenced commercial operations on 11 November 1998, and was formally inaugurated by Abdullah Bin Zayed Al Nahyan, UAE Minister of Information and Culture on 18 April 1999. All contracts, operations and transactions are carried out in accordance with Islamic Shari'a principles. Capital information ADIB commenced its operations with a paid-up capital of one billion dirhams divided into one hundred million shares, the value of each share being ten dirhams. The shares are quoted on the Abu Dhabi Securities Market. Founders The founders of Abu Dhabi Islamic Bank hold 29% of its equity while the remaining 71% is held by approximately 100,000 shareholders. The founding shareholders of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
