- Carry out all Takaful insurance activities, and related services, as well as insurance and reinsurance business, to enter into agreements and execute all legal actions deemed necessary to achieve the Company’s objectives.
- Invest transferable assets and real estate properties available to the company to serve the company’s objectives, providing that it doesn’t violate the guidelines of Islamic Sharia principles, stipulated laws and regulations.
- Provide advisory services and conduct technical studies in the field of insurance and reinsurance for companies or others that are directly interested in the field of takaful insurance. The Company carries out all its transactions in accordance to the guidelines of Islamic Sharia principles in all matters related to its activities, agreements and transactions as guided by the Sharia Board, comprised of at least three members nominated by the Board of Directors and approved by the Annual General Assembly. Sharia Board members are entrusted with the tasks of supervising and controlling the Company’s operations and its investments agreements, providing opinion on their legitimacy, in line with relevant regulations. The Sharia Board’s resolutions are binding to the Company’s management.
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