| Islamic Arab Insurance Company (Salama) | |
| Type: | Public |
| Location City: | Spectrum Building Oud Metha, Dubai |
| Location Country: | United Arab Emirates |
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Islamic Arab Insurance Company (Arabic: الشركة الإسلامية العربية للتأمين) commonly known as Salama, سلامة is a takaful company based in Dubai, United Arab Emirates. The company and its subsidiaries operate in the UAE, Algeria, Egypt, Senegal, and Saudi Arabia.[1]
Salama was founded in 1979 and listed on the Dubai Financial Market.[2] It is one of the leading takaful companies in the region, offering products in family and general takaful.[3] Its subsidiary, Best Re, is one of the largest retakaful companies in the world.[4] [5]
The company won Best Takaful Company (Middle East) at the 2012 International Takaful Awards.[6]
Salama specializes in Sharia-compliant insurance products designed to meet the needs of Muslim customers who want insurance coverage that aligns with their religious beliefs. Sharia-compliant insurance, also known as takaful,[7] operates on the principle of mutual cooperation and shared risk among policyholders, and is structured in a way that avoids charging interest or engaging in speculative investments.