Takaful Emarat has reported a substantial 45 percent rise in its total assets, reaching AED 960 million for the financial year ending 31st December 2024, highlighting the company’s improved financial position.
In 2024, the firm achieved an 84 percent increase in revenue, totalling AED 420 million, up from AED 229 million the year prior. This robust revenue growth was reflected in the operating profit, which also rose by 84 percent, indicating improved operational performance and a notable increase in profitability.
Sharing his thoughts on the financial performance, Dr Noor Aldeen Atatreh, Chairman of the Board at Takaful Emarat, said, “Takaful Emarat stands among the UAE’s foremost Takaful providers, delivering Sharia-compliant health and life insurance solutions.”
He further explained, “Our operations are built on the foundations of mutual support and participant contributions, distinguishing us from conventional insurance models focused purely on profit. We deliver tailored health and life insurance plans to both individuals and corporates, with every product and transaction aligned with Islamic Sharia principles and overseen by our dedicated Sharia board.”
Earnings per share (EPS) experienced a marked improvement during 2024, rising to nearly AED 0.05 — a clear sign of the company’s financial recovery. This was bolstered by a significant rise in net investment income, which reached AED 32 million, up 106 percent from AED 15.6 million in 2023.
Dr Atatreh concluded, “We continue to prioritise building strong client relationships while seeking new growth opportunities and strategic partnerships. Through a commitment to excellence and adaptability, we aim to deliver enduring value for our shareholders and partners, ensuring Takaful Emarat’s long-term success in a dynamic market environment.”
