Latest news with #UsamaAlBarwani
Zawya
5 days ago
- Business
- Zawya
Oman: Al Madina Takaful secures category ‘A' health insurance license under Oman's new regulatory framework
Muscat – Al Madina Takaful, Oman's pioneering Shariah-compliant insurance provider, proudly announces its attainment of the Category 'A' Health Insurance License under the Sultanate's newly established regulatory framework. This significant milestone, granted by the Financial Services Authority (FSA), empowers Al Madina Takaful to independently underwrite and manage health insurance policies, positioning the company at the forefront of Oman's evolving healthcare insurance landscape. The introduction of the Category 'A' licensing framework by the FSA aims to enhance regulatory oversight, improve service quality, and increase premium retention within the Sultanate. Al Madina Takaful's early adoption of this license underscores its commitment to aligning with national objectives and delivering superior, Shariah-compliant health insurance solutions to its clients. 'Securing the Category 'A' license is a testament to our unwavering dedication to excellence and our proactive approach in embracing regulatory advancements,' said Usama Al Barwani, CEO of Al Madina Takaful. 'This achievement enables us to offer comprehensive health insurance services that cater to the diverse needs of our policyholders, all within the framework of Islamic principles.' As one of the licensed medical insurers in Oman, Al Madina Takaful is poised to play a pivotal role in the Sultanate's health insurance sector. The company's robust infrastructure, experienced team, and customer-centric approach ensure that it is well-equipped to meet the growing demand for quality health insurance services. Al Madina Takaful remains committed to innovation, transparency, and excellence in service delivery, reinforcing its position as a trusted partner in Oman's insurance industry. Established in 2006, Al Madina Takaful is the first Takaful company in Oman, offering a range of Shariah-compliant insurance products and services. With a focus on customer satisfaction and ethical practices, the company continues to lead the way in providing innovative insurance solutions that meet the evolving needs of its clients. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Muscat Daily
6 days ago
- Business
- Muscat Daily
Al Madina Takaful Secures Category 'A' Health Insurance License Under Oman's New Regulatory Framework
Muscat – Al Madina Takaful, Oman's pioneering Shariah-compliant insurance provider, proudly announces its attainment of the Category 'A' Health Insurance License under the Sultanate's newly established regulatory framework. This significant milestone, granted by the Financial Services Authority (FSA), empowers Al Madina Takaful to independently underwrite and manage health insurance policies, positioning the company at the forefront of Oman's evolving healthcare insurance landscape. The introduction of the Category 'A' licensing framework by the FSA aims to enhance regulatory oversight, improve service quality, and increase premium retention within the Sultanate. Al Madina Takaful's early adoption of this license underscores its commitment to aligning with national objectives and delivering superior, Shariah-compliant health insurance solutions to its clients. 'Securing the Category 'A' license is a testament to our unwavering dedication to excellence and our proactive approach in embracing regulatory advancements,' said Usama Al Barwani, CEO of Al Madina Takaful. 'This achievement enables us to offer comprehensive health insurance services that cater to the diverse needs of our policyholders, all within the framework of Islamic principles.' As one of the licensed medical insurers in Oman, Al Madina Takaful is poised to play a pivotal role in the Sultanate's health insurance sector. The company's robust infrastructure, experienced team, and customer-centric approach ensure that it is well-equipped to meet the growing demand for quality health insurance services. Al Madina Takaful remains committed to innovation, transparency, and excellence in service delivery, reinforcing its position as a trusted partner in Oman's insurance industry. Established in 2006, Al Madina Takaful is the first Takaful company in Oman, offering a range of Shariah-compliant insurance products and services. With a focus on customer satisfaction and ethical practices, the company continues to lead the way in providing innovative insurance solutions that meet the evolving needs of its clients.
Muscat Daily
29-03-2025
- Business
- Muscat Daily
Al Madina Takaful launches its 2024 sustainability report
Muscat – Al Madina Takaful, a pioneer in Takaful insurance in Oman, has officially launched its 2024 Sustainability Report, underscoring its commitment to Environmental, Social, and Governance (ESG) principles. The report reflects the company's strategic focus on responsible business practices, transparency, and long-term sustainability. The launch event was attended by industry leaders and stakeholders, highlighting the growing importance of sustainable practices in the financial sector. Through this report, Al Madina Takaful reaffirms its dedication to integrating ESG principles into its operations, ensuring that its services contribute to a greener, more inclusive economy. In line with global reporting standards, Al Madina Takaful has adopted the Global Reporting Initiative (GRI) framework, ensuring comprehensive disclosure on its sustainability initiatives. The report details key achievements in climate-conscious investments, minimizing ecological footprint, transitioning to renewable energy sources and improving energy efficiency in its operations, waste reduction efforts through recycling programs and paperless initiatives, and community-driven programs aimed at social empowerment. Speaking on the occasion, Mr. Usama Al Barwani, CEO of Al Madina Takaful stated. 'Our 2024 Sustainability Report is a testament to our unwavering commitment to responsible growth. As a company rooted in ethical principles, we believe sustainability is not just a regulatory requirement but a core business imperative. This report highlights our progress in aligning with Oman's Vision 2040 and our ongoing efforts to drive a positive impact on society and the environment.' Al Madina Takaful continues to play a pivotal role in Oman's financial ecosystem by introducing Shariah-compliant, sustainable insurance solutions. As Oman progresses toward a diversified and sustainable economy, Al Madina Takaful remains committed to setting new benchmarks in responsible business practices, ensuring resilience, and fostering trust among stakeholders.
Arab News
26-03-2025
- Business
- Arab News
Al Madina Takaful launches its 2024 Sustainability Report, reinforcing commitment to ESG principles
Al Madina Takaful, a pioneer in Takaful insurance in Oman, has officially launched its 2024 Sustainability Report, underscoring its commitment to Environmental, Social, and Governance principles. The report reflects the company's strategic focus on responsible business practices, transparency, and long-term sustainability. The launch event was attended by industry leaders and stakeholders, highlighting the growing importance of sustainable practices in the financial sector. Through this report, Al Madina Takaful reaffirms its dedication to integrating ESG principles into its operations, ensuring that its services contribute to a greener, more inclusive economy. In line with global reporting standards, Al Madina Takaful has adopted the Global Reporting Initiative framework, ensuring comprehensive disclosure on its sustainability initiatives. The report details key achievements in climate-conscious investments, minimizing ecological footprint, transitioning to renewable energy sources and improving energy efficiency in its operations, waste reduction efforts through recycling programs and paperless initiatives, and community-driven programs aimed at social empowerment. Speaking on the occasion, Usama Al Barwani, CEO of Al Madina Takaful, said: 'Our 2024 Sustainability Report is a testament to our unwavering commitment to responsible growth. As a company rooted in ethical principles, we believe sustainability is not just a regulatory requirement but a core business imperative. This report highlights our progress in aligning with Oman's Vision 2040 and our ongoing efforts to drive a positive impact on society and the environment.' Al Madina Takaful continues to play a pivotal role in Oman's financial ecosystem by introducing Shariah-compliant, sustainable insurance solutions. The company's initiatives include carbon footprint reduction programs, financial literacy campaigns, and digitalization efforts to enhance customer experience while reducing environmental impact.
Zawya
26-03-2025
- Business
- Zawya
Al Madina Takaful launches its 2024 Sustainability Report
Muscat, Oman – Al Madina Takaful, a pioneer in Takaful insurance in Oman, has officially launched its 2024 Sustainability Report, underscoring its commitment to Environmental, Social, and Governance (ESG) principles. The report reflects the company's strategic focus on responsible business practices, transparency, and long-term sustainability. The launch event was attended by industry leaders and stakeholders, highlighting the growing importance of sustainable practices in the financial sector. Through this report, Al Madina Takaful reaffirms its dedication to integrating ESG principles into its operations, ensuring that its services contribute to a greener, more inclusive economy. In line with global reporting standards, Al Madina Takaful has adopted the Global Reporting Initiative (GRI) framework, ensuring comprehensive disclosure on its sustainability initiatives. The report details key achievements in climate-conscious investments, minimizing ecological footprint, transitioning to renewable energy sources and improving energy efficiency in its operations, waste reduction efforts through recycling programs and paperless initiatives, and community-driven programs aimed at social empowerment. Speaking on the occasion, Mr. Usama Al Barwani, CEO of Al Madina Takaful stated. "Our 2024 Sustainability Report is a testament to our unwavering commitment to responsible growth. As a company rooted in ethical principles, we believe sustainability is not just a regulatory requirement but a core business imperative. This report highlights our progress in aligning with Oman's Vision 2040 and our ongoing efforts to drive a positive impact on society and the environment." Al Madina Takaful continues to play a pivotal role in Oman's financial ecosystem by introducing Shariah-compliant, sustainable insurance solutions. The company's initiatives include carbon footprint reduction programs, financial literacy campaigns, and digitalization efforts to enhance customer experience while reducing environmental impact. As Oman progresses toward a diversified and sustainable economy, Al Madina Takaful remains committed to setting new benchmarks in responsible business practices, ensuring resilience, and fostering trust among stakeholders.
