- Fire Insurance
This type of policy covers against the loss of or damage to the property insured arising as a consequence of fire, lightening, house explosions, damage caused by aircraft crashes, and everything that is customary and usually included as part of fire insurance.
- Accident Insurance
Policies cover insurance against personal accidents, work related accident insurance, theft, breach of trust, embezzlement, looting, auto and travel insurance, civil liability insurance, and all that is customary and usually included as part of accident insurance.
- Marine and Aviation Insurance
Polices covers damages related to marine vessels, aviation and aircrafts including cargo or any insurable items related to marine vessels, aviation, aircrafts, aviation materials, cargo, luggage, money and passengers travelling overland, sea, air or any other means of traveling and all that is customary and usually included as part of marine and aviation insurance.
- Provide various types of annual pensions in all categories including life insurance or otherwise, limited, unlimited period or immediately paid, deferred, general, accidental or other type of pension.
- To contract with tenants, borrowers, annually paid employees or otherwise to establish, process, pay, capitalize, renew or monitor the capital required for the use of its proceeds or any other reserve accounts, whether for a single payment or instalments or otherwise as per the agreed upon terms or limits.
- Provide reinsurance related to all types of insurance performed by companies
- Carry out all types of operations related to the company’s business in order to achieve its objectives.
- Own movable assets and real estate required to carry out the Company’s activities within the limits permitted by law.
- Utilize the Company's surplus to invest it in financial portfolios managed by specialized companies.
- Organize insurance operations carried out by the Company to ensure participants share from the insurance operations to policy holders in accordance with the rules established by the Board of Directors and as stated in the Company’s Articles of Association.
- The Fatwa and Sharia Supervisory Board is comprised of three members of Islamic Sharia scholars specialized in Islamic financial transactions.
- The Fatwa and Sharia Supervisory Board shall have the right to express opinions and provide legal advice to all matters related to the Company’s transactions and have the right to attend Annual General Meetings (AGM).
- The Company may carry out the above stated objectives in Kuwait or abroad, on its behalf or representing third parties.
- The Company may carry out similar activities that are complementary or necessary to achieve its objectives.
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