The Ordinary General Assembly of Ilaf Takaful Insurance Company is scheduled to convene on Sunday, September 1, 2024, at its headquarters. The agenda includes the election of a Board of Directors for the term 2024-2026, the review of reports from the Board of Directors and the Auditor, the reports from the Fatwa and Sharia Supervisory Board, any penalties or violations identified by regulatory authorities, and a report on transactions conducted or planned with related parties. 

The Ilaf Takaful Insurance Company General Assembly will discuss and approve the financial statements ending on December 31, 2023, discuss not distributing cash dividends to shareholders, discuss deducting the mandatory reserve at a rate of 10% of the net profit for the year 2023 to the amount of KD 37,320, discussing the non-disbursement of a bonus to the members of the Board of Directors and releasing them from all matters related to their financial, legal and administrative actions for the fiscal year ending on December 31, 2023. 

 Appointing or reappointing the Fatwa and Sharia Supervisory Board and the company’s auditor for the fiscal year ending on December 31, 2024, and authorizing the Board of Directors to determine their fees.