Table 9

Overall chronology of takaful establishment (operations)

1970–19992000–20092010–2023
Year of establishmentCountryCompanyYear of establishmentCountryCompanyYear of establishmentCountryCompany
1979UAEIslamic Arab Insurance Company (SALAMA)2000KuwaitWethaq Takaful and First Takaful2010SomalilandTakaful Insurance of Africa Ltd (TIA)
1979SudanIslamic Insurance Company of Sudan2000AlgeriaSalama Insurance Company2010KazakhstanMIS Halal Insurance
1983UK*Takaful UK Ltd2001YemenYemen Islamic Insurance Company2011ThailandMuang Thai Life Insurance
1983Luxembourg*Solidarity Takaful2002EgyptEgyptian Saudi Insurance House2012TunisiaZitouna Takaful
1983Bahamas*Islamic Takaful and Re-Takaful Co2003MaldivesAmana Takaful2013FranceSalam of Swiss Life
1984MalaysiaSyarikat Takaful Malaysia Berhad2003South AfricaTakafol South Africa (Pty) Ltd2014OmanAl-Madina Takaful
1986Saudi ArabiaCooperative Company for Insurance (Tawuniya)2005NigeriaAfrican Alliance Insurance (window)2017UzbekistanUZARO YARDAM
1988LebanonAl-Aman Trust Insurance2005SenegalSALAMA Assurances Senegal2019TajikistanTakafful Insurance Company LLC
1989BahrainBahrain Islamic Insurance Company2005PakistanPak Kuwait Takaful Company Limited2021IranDana Insurance (window)
1990BangladeshIslami Insurance Bangladesh Ltd2007SyriaAl-Aqeelah Takaful Company2021MoroccoWafa Takaful, Attakafulia Assurances and Taaouiniyate Taamine Takafuli
1993BruneiTakaful TAIB Sdn Bhd2007LibyaTakaful Insurance Company2021EthiopiaGlobal Insurance Company (window)
1994IndonesiaPT Asuransi Takaful Indonesia2007ZambiaPhoenix Takaful Zambia2022Tanzania 
1995QatarQatar Islamic Insurance Company2007GambiaTakaful Gambia Ltd   
1995SingaporeAmpro-Income Takaful Company and Syarikat Takaful Singapura2008PalestinePalestine Takaful Company   
1996JordanIslamic Insurance Company2008KenyaTakaful Insurance of Africa   
1996USFirst Takaful USA2008CanadaAnsar Cooperative Housing Corporation (partnership with Cooperators Insurance Group)   
1999MauritaniaThe TAAMIN Islamic Insurance Company2009TurkeyNeova Sigota   
1999Sri LankaAmana Takaful Limited      

Note(s): *The authors have not found information from official sources

Source(s): Authors’ own work

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