GCC markets
| GCC Countries | First takaful operation | First takaful regulation | ||
|---|---|---|---|---|
| Name | Year | Name | Year | |
| UAE | Islamic Arab Insurance Company (SALAMA) | 1979 | Takaful Regulation | 2010 |
| Saudi | Cooperative Company for Insurance (Tawuniya) | 1986 | Cooperative Insurance Companies Control Law | 2005 |
| Kuwait | Wethaq Takaful and First Takaful | 2000 | Law No. 125 of 2019 | 2019 |
| Oman | Al-Madina Takaful | 2014 | Takaful Law 2016 | 2016 |
| Qatar | Qatar Islamic Insurance Company | 1995 | Law No. 13 of 2012 | 2012 |
| Bahrain | Bahrain Islamic Insurance Company | 1989 | Takaful Module | 2005 |
| GCC | First takaful operation | First takaful regulation | ||
|---|---|---|---|---|
| Name | Year | Name | Year | |
| UAE | Islamic Arab Insurance Company (SALAMA) | 1979 | Takaful Regulation | 2010 |
| Saudi | Cooperative Company for Insurance (Tawuniya) | 1986 | Cooperative Insurance Companies Control Law | 2005 |
| Kuwait | Wethaq Takaful and First Takaful | 2000 | Law No. 125 of 2019 | 2019 |
| Oman | Al-Madina Takaful | 2014 | Takaful Law 2016 | 2016 |
| Qatar | Qatar Islamic Insurance Company | 1995 | Law No. 13 of 2012 | 2012 |
| Bahrain | Bahrain Islamic Insurance Company | 1989 | Takaful Module | 2005 |
Source(s): Authors’ own work
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.