Corporate Presentation

Dar Al Takaful • Dar Al Takaful PJSC was established

in 2008 with a paid up capital of AED 100 Million

• Listed in Dubai Financial Market (DFM)

• Promoter and major shareholder is Mawarid Finance (an AED 1bn capitalized Islamic Finance Company)

Mission and Vision

Mission To deliver innovative Takaful products and value-added services built on sustainable lasting relationships within a Shariah compliant framework.

VisionTo be a leading Takaful company providing beneficial Takaful solutions to the public, supported by a solid financial foundation.

Board of Directors

Major General Abdulaziz Al Bannai (Rtd.)

Chairman

Ali Humaid Al Owais Member

Salah Ibrahim Sharaf

Member

Yagub Bin Eisa Bin Nasser Al Serkal

Member

Osama Ibrahim Siddiqi Member

Shehab LutfiMember

Saleh Al Hashimi

Managing Director

Fatwa and Sharia Supervisory Board

Dr. Shaikh. Mohammed Abdul Rahim

Al Olama Chairman

Dr. Mohamad AkramLaldin

Member

Shaikh. Esam M. IshaqMember

The Management Saleh AlHashimi (Managing Director)More than 16 years of experience in various managerial/ senior management positions - National Bank of Dubai (now Emirates NBD) in various positions; 5 years in Mawarid Finance (Founder, Board Member & Dy. CEO/Co-Managing Director)

Abdul Salam Ali (Chief Finance Officer)More than 32 years of experience in various managerial/Senior Management positions - Oman Insurance, Leader Capital; Al Rajhi Takaful

K.G.Rajaram (Senior Vice President - Retakaful & Corporate Strategy)

More than 35 years of experience in Technical/Techno-Marketing – New India Assurance, General Accident – Commercial General Union, RSA, NGI , AMGI, OQIC, Muscat

The Management Ajai Kumar Panicker (Senior Vice President –

Technical)More than 30 years in the Insurance Industry in Managerial/Senior Management positions - Methaq Takaful, Axa Insurance, Allianz Saudi Fransi, Gulf Union Insurance & Reinsurance Co., National Insurance Co.

Ayman Lidawi (Head of Sales)A well qualified and seasoned professional with a total of 14 Years Experience in insurance industry in Dubai - Al Fujairah National Insurance & Dubai Islamic Insurance & Reinsurance Co. (AMAN)

Dr. Beena Nair (Head – Medical Insurance)Over sixteen year’s experience in leading the Medical & Life Insurance business at Arabian Scandinavian Insurance Co., PLC ,Dubai Involved in all facets of the business including Business Development, Reinsurance, Underwriting , Claims and Network Management.

Takaful Model

Our Takaful Model combines Wakala (for underwriting) and Mudharaba (for investments)

Our Takaful Model combines Wakala (for underwriting) and Mudharaba (for investments)

14

Net Contribution (premium)

Participant (Insured)

Takaful Operator(Dar Al Takaful)

Shareholders’

Fund

Wakala Fee(as % of contribution)

ManagementExpenses

Benefits(Claims)

Reinsurance

Reserves

Participant’s

Fund

Investments

Investmentprofits

Surplus

or Deficit

Participant Takaful Fund

If deficit in ParticipantTakaful Fund: Takaful

Operator makes Interest Free Loan (repaidby future surplus)

Performance fee

(Mudabarah)

Manages theParticipant

Takaful Fund

Dar Al Takaful’s Strength• Managed by a team of professionals

with wealth of experience

• Backed by highly rated Re-Takaful companies

• A robust, market tested, IT System

• Well diversified distribution channels

• Tailor made products

Managed by a team of professionals with wealth of experience

• Underwriting Guidelines

• Policies and Procedures

• Risk Management Approach – Pre Risk Surveys

• Highly Analytical and Actuarial Approach to Motor & Medical Underwriting

• Motor Tariff Factors – Sum Insured, Age of Driver, Driving Experience, Vehicle Make, Model and Age, Nationality, Repair Condition.

Underwriting

Backed by highly rated Re-Takaful companies Panel of Reinsurers, among others, include:

• GIC of India - Rated A-(Excellent) by A.M. Best

• SCOR – Rated A+ by S & P

• Hannover Re – Rated AA- (Very Strong) by S & P,

A+ (Superior) by A.M. Best

• R+V, Germany – Rated AA- by S & P

• Generali, Italy – Rated A by A.M. Best

• Munich Re – Rated A+ by A.M. Best, AA- by S & P

• Partner Re – Rated A- by S & P

• Sirius, London – Rated A by A.M. Best• Lloyd’s of London – Kiln Syndicate – Rated A+ by

A.M. Best

Backed by highly rated Re-Takaful companies

A robust, market tested, IT System State of the art online portal – e-Bab

• For various channels like B2B (Brokers, agents, banks, rent a car companies, affinity groups, car dealers, fleet clients)

• B2C (Direct Customers)

• In House employees • It facilitates high level of automation of

underwriting process for various products enhancing overall efficiency and productivity

e-Bab

A robust, market tested, IT System

• Customised Schemes for Corporate clients

• Referral and Secondary Tariff facilities.

• Facility for Non-Financial Endorsements.

• Facility to print policy related documents for all

kinds of Policies and Endorsements.

• Promotion for Free Travel Policies along with

Motor policies and discount for Motor policies.

• Facility for Endorsements request and Claims

intimation.

• Vehicle details query from Traffic systems.

• Emails facility for alerting customers on important

events related to Quotations\Policy.

Online Portal – e-Bab

A robust, market tested, IT System

A robust, market tested, IT System

• Robust and fully Integrated Core system Premia to allow seamless flow of information across enterprise.

• Robust and fully Integrated Core system Premia to allow seamless flow of information across enterprise.

• A State of the art Data Center which is supporting 5 branches.

• Highly Secured Network • About to roll out a Mobile App for providing B2C

services to Clients through Mobile• Currently implementing a full fledged Call Center

for better Customer Servicing• Adopting the best Practices in the IT industry to

provide high quality IT services• Having the best IT Policies & Procedures in place

IT Strength and Capabilities

A robust, market tested, IT System

• Products with end to end Quotation/Policy issuance facility with automated tariff are :

• Motor Comprehensive and TPL Products.

• Premium Motor takaful for high value vehicles.

• Tailor made Schemes for various Brokers and

Corporate Clients.

• Standard Travel (Terhal) and Hajj & Umrah.

• Marine Individual and Certificates.

• Home Contents.

• SME (Six variants)

IT Strength and Capabilities

A Wide Array of Products

• Motor Vehicle Takaful• Medical Takaful• Fire & Property Takaful• Homeowners & Householder’s Takaful• Marine cargo & Inland Transit • Marine Hull Takaful• Workmen Compensation Takaful• Employer’s Liability Takaful• Contractors All Risk Takaful• Erection All Risk Takaful• Public Liability Takaful• Personal Accident Takaful (Group & Ind)• Travel Takaful• Electronic Equipment Takaful• Money Takaful

A Wide Array of Products • Al Masa

• Mumtaz

• Khaas

• Third Party Liability

• TPL, Fire & Theft

• Motor Fleet

• Motor Schemes

• Commercial

• Corporate

Motor Takaful - Tailor Made Products

• General Cartage

• Rental

• Trade Plate

• Motor Campaigns

Motor Takaful Platforms

• Motor Quick quote (B2C) from company website.

• eBab (B2B) for Brokers and Agents

• Premia (core – back office)

• Mobile Application

Dar Al Takaful’s Major Clients

Al Owais Group, Al Serkal Group ,Mustafa bin Abdullatif, Abdulsalam Al Rafi Group, Sheikh Mohammed bin Rashid Housing Program, Al Rais Group and more …

Claim Service – At customers service

Dar Al Takaful’s Claims Department is equipped to handle customer’s claim requirements with care, professionalism and in a timely manner.

The Claims Center located in the heart of the city in Al Khaimah Building, Deira.

Our staff with vast knowledge of claims servicing and in the Takaful industry and UAE markets.

Thank you

800-Takaful www.dat.ae