Dubai Islamic Insurance & Reinsurance Co (AMAN) – Introduction and background |
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Dubai Islamic Insurance and Reinsurance Company, widely known by its brand name AMAN, is one of the UAE’s largest providers of Takaful, a Sharia-compliant Islamic alternative to conventional insurance, and the associated investment arm of the same firm.
AMAN was founded in 2002 in Dubai, and has built its reputation in a niche but fast-growing segment of the regional insurance market. The company offers a broad suite of Islamic insurance and reinsurance products across the life, health, motor, property and marine segments. Its reinsurance arm allows AMAN to participate in risk-sharing arrangements that span well beyond the UAE’s borders.
AMAN has been listed on the Dubai Financial Market (DFM) and its stock reflects the broader dynamics of the UAE’s growing insurance penetration rate, which remains relatively low by international standards and is expected to increase.
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