The National Commercial Bank a leadings regional financial institution based in Saudi Arabia, together with global leading insurance and technical specialists FWU AG, VHV, and the International Financial Corporation (IFC) a member of the World Bank Group; in addition to a number of prominent local investors, have established ALAHLI TAKAFUL COMPANY (ATC), a company specialized in offering Takaful insurance products and services in the Kingdom.
Our mission is to create a world class, innovative, Saudi Takaful Company based on Traditional Islamic values and principles through optimum utilization of technical partners and state-of-the-art solutions, benefiting the needs of our customers, the expectation of our shareholders, and the ambition of our people.
To be the leading regional provider of Shariah Compliant Protection Solutions, satisfying the aspirations of Gulf citizens, while creating optimal shareholder value through Innovation, World Class Service, and recognition as the Employer of Choice in the regional Insurance Sector.
Alahli Takaful company’s products and procedures are comprehensively reviewed and approved by the Shariah Board. The shariah Board also conducts regular appraisals of the products and services and provides advice and guidance on specific matters referred to the Board by the Company.
The shariah Board comprises of the following respected Islamic Shariah Scholars:
1-Sheikh Abdullah Bin Sulaiman AI Manea- Chairman
2-Sheikh Dr Abdullah AI Musleh- Member
3-Sheikh Dr Mohammed A. EI Gari Bin Eid- Member
To ensure that business operates efficiently and within SAMA’s Implementation Regulations for Insurance companies, ATC’s Board has established the following required Board committees:
The Committees are constituted of Board members and other qualified independent personnel to maximize the assistance and input these committees can provide to the day-to-day