| Abu Dhabi National Takaful Company PSC | |
| Type: | Public |
| Location City: | Tamouh Tower Al Reem Island, Abu Dhabi |
| Location Country: | United Arab Emirates |
| Key People: |
|
| Industry: | Takaful |
Abu Dhabi National Takaful Company PSC (Arabic: شركة أبوظبي الوطنية للتكافل ش.م.ع.) -- known simply as Takaful, تكافل, or ADNTC -- was established in 2003[1] by the Abu Dhabi Islamic Bank (ADIB) and Abu Dhabi Investment Company. It is a powerful player in the UAE takaful market[2] based in Abu Dhabi, offering a range of takaful products including motor, property, general accidents, family, medical, engineering and Marine cargo coverage.[3] Its shares are traded on the Abu Dhabi Securities Exchange as TKFL.[4]
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.[5]
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 2013, and 'Takaful Insurer of the Year' for MENA at the MENA Insurance Review (MENAIR) Insurance Awards 2014.[6]