Insurance provided by the Company is based on cooperation and is governed by the Company’s Memorandum and Articles of Association as the Company conducts its operation on the basis of co-operative insurance in accordance with Sharia’ Rules and Principles.

Accounts Separation and Insurance Operation Surplus:

The Company maintains a distinct and separate account for its Policyholders’ Account. This account is credited by the contributions paid by the Policyholders and returns of their reinvestments and debited by claims, reinsurance contributions, the necessary provisions and reserves and the Wakalah/Mudarabah. The surplus arrived at (if any) will be distributed in all or partially to the Policyholder in the manner decided by the Board of Directors and approved by the Sharia’ Supervisory Board.

These services include but are not limited to the following: