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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] |
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] |
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] |
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] |
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] |
Financial Services Companies Established In 2011
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 assessment ... [...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] |
Islamic Banking And Finance
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 revi ... [...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] |
The National (Abu Dhabi)
''The National'' is a private English-language daily newspaper published in Abu Dhabi, United Arab Emirates. The newspaper is owned by Sheikh Mansour bin Zayed Al Nahyan, the deputy prime minister of the United Arab Emirates and member of the royal family of Abu Dhabi. History and profile ''The National'' was first published on 17 April 2008 by Abu Dhabi Media. The government-owned media company ran the newspaper along with other publications, including ''Al-Ittihad'', '' Majid'', ''Zahrat Al Khaleej'' and ''National Geographic Al Arabiya'' (in partnership with ''National Geographic''). In 2016, ''The National'' was acquired by International Media Investments, a subsidiary of the Abu Dhabi Media Investment Corporation, a private investment company owned by Mansour bin Zayed Al Nahyan that is also part-owner of Sky News Arabia. Under new ownership, ''The National'' was relaunched in July 2017, a move marked by relocation to new headquarters and the opening of a foreign bureau in L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TAQA
The Abu Dhabi National Energy Company, PJSC (TAQA) is a government controlled energy holding company of Abu Dhabi, United Arab Emirates. TAQA (Arabic for Energy) is one of Abu Dhabi's flagship companies and as such has an important role to play in helping to deliver the economic strategy of the Emirate of Abu Dhabi. The company currently operates in 11 countries across four continents. History The beginnings of TAQA lie within Abu Dhabi's 1998 government initiative, seeking to privatize the Emirate's water and electricity sector. Following the establishment of the Abu Dhabi Water and Electricity Authority (ADWEA) TAQA was founded in June 2005 pursuant to the provisions of an Emiri Decree in 2005 as a public joint stock company. ADWEA served as the founding shareholder, holding 51% of the company. In May 2006 TAQA appointed Peter E. Barker-Homek, an American businessman, as its first CEO. TAQA expanded quickly under the guidance of Barker-Homek, making several key acquisition ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
