The final financial statements for the year 2022 of the Qatar Islamic Insurance Group showed that the group achieved a growth rate of 16% in total shareholder revenues, amounting to 155.691 million riyals, compared to 134.357 million riyals for the corresponding period in 2021, and the net profit achieved a growth rate of 26%, achieving 101.098 million riyals, compared to 80,110 million riyals for the corresponding period ending on 12/31/2021, where His Excellency Sheikh Dr. Khalid bin Thani Al Thani – Chairman of the Board of Directors announced the recommendation of the Board of Directors to distribute a dividend of 45% to shareholders, adding his happiness that the return on the share achieved a growth rate of amounted to 26%, as the earnings per share amounted to 0.68 riyals per share, compared to 0.53 for the same period last year 2021. His Excellency the Chairman of the Board of Directors also expressed his happiness and the members of the Board with the success achieved by the group’s management in the increasing growth rate in insurance contributions for the year 2022, which amounted to 9% in total 467 million riyals compared to 428 million riyals for the same period in the previous year 2021.
On the other hand, the group achieved a net 22,123 million riyals as an insurance surplus for policyholders, and the Board recommended, in accordance with the recommendation of the Sharia Supervisory Board, to distribute an insurance surplus of 15% to all participants in the operations of the Takaful group for the past year 2022, and Mr. The group’s permanent redistribution of the insurance surplus to its beneficiaries is the real criterion for the safety of the Sharia Islamic applications of the Takaful insurance concept.
The group works to provide all mechanisms and means of support to all its customers, offering all options in all branches of Takaful insurance, including health insurance products for all its customers, including citizens, residents and visitors, and invites and welcomes everyone to visit its offices or websites to enjoy these fast services at all times, as it confirms Its keenness in its applications to the standards and foundations of Takaful Islamic insurance, which is one of its pioneers in the region and the world, and sets its sights in its operations to preserve the interest and profitability of each of the policyholders participating in its insurance coverage and the shareholders who are shareholders in the successful march of the name of Islamic Insurance.
AM best had announced its decision to raise the financial strength rating of the Qatar Islamic Insurance Group to category A- (excellent) with a stable outlook, and this achievement was the result of hard work on all technical and financial levels and alignment with the international classification requirements. And what is required by the principles of Islamic Takaful insurance.
health insurance
Qatar Islamic Insurance Group is working to provide individual health insurance products in line with the increasing demand of its customers and dealers in Islamic Takaful insurance. Health insurance that enables them to cover health insurance, as the company offers many programs and products that are compatible with all job levels and are compatible with the principles of Islamic law and in application of the principles of Islamic solidarity in the insurance industry.
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