Takaful Oman Insurance SAOG Appoints Navneet Bhatt as Chief Underwriting Officer

Takaful Oman Insurance SAOG is an Oman-based company engaged in the provision of family and general insurance, in compliance with the principles and rules of Islamic Sharia. The Company is focused on the provision of takaful and Re-takaful business and services through different models, including Wakala, which is a principal-agent agreement is used between the participants and the takaful operator; Mudaraba, which is a principal-manager agreement is used between the participant and the takaful operator; Hybrid, which is a combination of the principal-agent and the principal-manager arrangements is used with Wakala for underwriting activities and Mudaraba for investment activities, and Wakf model. The Company’s takaful business covers family, health, participatory insurance, non-life, accidents, takaful against illness, vehicles, aviation, maritime and naval, transport, fire and damage of properties, takaful against liabilities, and credit and guarantees.