ILaf Takaful Insurance Company was established in 2005 with a capital of KWD 5 million divided into 50 million shares, at 100 fils per share. The Company was established in order to practice all types of Takaful Insurance, barring life insurance, according to the guidelines of Islamic Sharia principles, led by an elite group of insurance experts in both local and international markets through collaboration with major international re-insurance companies. In 2013, the Company changed its commercial name from Safat Takaful Insurance to Ilaf Takaful Insurance Company, with new partners and new management which has contributed to strengthening its capabilities. The company's policy has been directed towards developing its insurance services in a new and innovative way. The Company has introduced new types of policies to the Kuwaiti market
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