Abu Dhabi National Takaful Company
A UAE-based Takaful insurer providing Sharia-compliant protection across motor, property, medical, family, engineering, marine and other insurance lines.
Last updated August 26, 2026
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Overview
Abu Dhabi National Takaful Company PSC, commonly referred to as ADNTC or Takaful, is an insurance company based in Abu Dhabi, United Arab Emirates. It operates according to the Takaful model, an Islamic insurance structure centered on mutual assistance, shared exposure to risk and the management of participant funds in accordance with Islamic financial principles. Rather than treating insurance solely as a conventional transfer of risk from policyholder to insurer, Takaful arrangements generally organize contributions into funds used to support participants who experience covered losses, while the operator manages the scheme and related underwriting and investment activities under a Sharia-oriented framework. The company was established in 2003 by Abu Dhabi Islamic Bank and Abu Dhabi Investment Company. Its creation placed it within the development of the UAE’s Islamic finance and insurance sector, where Takaful operators serve customers seeking insurance products compatible with Islamic principles as well as businesses requiring regulated commercial coverage. ADNTC is headquartered in Abu Dhabi and focuses its disclosed operating footprint on the United Arab Emirates. Its shares trade on the Abu Dhabi Securities Exchange under the symbol TKFL. ADNTC’s product scope extends beyond a single specialist insurance niche. The company is described as offering motor insurance, property protection, general accident coverage, family Takaful, medical insurance, engineering insurance and marine cargo coverage. These lines allow it to address both retail and commercial needs, including personal vehicles, health and family protection, property risks, construction and engineering projects, cargo movements and other general exposures. The available reference material does not provide enough detail to identify individual policy names, distribution channels, contribution volumes, claims ratios or the precise structure of each product. The company has received industry recognition in the Middle East and was identified with awards including Best Bancatakaful Operator Middle East at the International Takaful Summit in 2012, Takaful Operator of the Year in the Middle East at the INSUREX Conference & Awards in 2012 and 2013, and Takaful Insurer of the Year for the MENA region at the MENA Insurance Review Insurance Awards in 2014. These recognitions point to a positioning that combines insurance operations with Islamic-finance expertise and, in at least some activities, bancatakaful distribution. More recent reference material records strong insurer financial-strength assessments. AM Best affirmed ADNTC’s Financial Strength Rating at A- (Excellent), with a stable outlook, in December 2024. Fitch Ratings affirmed the company’s Insurer Financial Strength rating at A-, also with a stable outlook, in February 2025. These ratings are indicators of the agencies’ assessments at those dates and should not be treated as a substitute for current financial statements or a guarantee of future performance. No reliable source material supplied for this entry establishes current revenue, assets, profitability, ownership percentages, executive leadership or a separate international operating network.
History
Abu Dhabi National Takaful Company PSC was established in Abu Dhabi in 2003 by Abu Dhabi Islamic Bank and Abu Dhabi Investment Company. Its formation occurred during the expansion of Islamic financial services in the United Arab Emirates, where Takaful insurers developed alternatives to conventional insurance for customers seeking arrangements compatible with Islamic principles. The company became known in English as Abu Dhabi National Takaful Company and in shorter form as ADNTC or Takaful. The company’s business is based on the Takaful concept of mutual protection. Participants contribute to a risk-sharing arrangement, and resources are used to support members who suffer covered losses. The operator administers the arrangement and performs insurance functions such as underwriting, claims management and product distribution, while the structure is intended to observe relevant Sharia principles. The precise contractual and fund-management arrangements of ADNTC’s individual products are not detailed in the supplied reference material. ADNTC developed a diversified UAE insurance portfolio rather than concentrating on one line. Its reported offerings include motor, property, general accident, family, medical, engineering and marine cargo coverage. This range gives the company exposure to personal, family, commercial and project-related risks. The available material does not establish the dates on which each product line was introduced, nor does it provide sufficiently detailed information about policy wording, distribution partners or market shares. The company received recognition in the regional Takaful and insurance industry during the 2010s. It was named Best Bancatakaful Operator Middle East at the International Takaful Summit in 2012, received Takaful Operator of the Year in the Middle East at the INSUREX Conference & Awards in 2012 and 2013, and was recognized as Takaful Insurer of the Year for MENA at the MENA Insurance Review Insurance Awards in 2014. These awards associated ADNTC with the development of bancatakaful and with the broader regional Islamic-insurance market. ADNTC is listed on the Abu Dhabi Securities Exchange under the ticker TKFL. Later reference material records external assessments of its financial strength: AM Best affirmed an A- (Excellent) Financial Strength Rating and an a- (Excellent) Long-Term Issuer Credit Rating with a stable outlook in December 2024, while Fitch affirmed an A- Insurer Financial Strength rating with a stable outlook in February 2025. Those assessments provide dated evidence that the company remained an operating insurer at those points, but they do not by themselves establish its current financial performance, ownership, management structure or future prospects. The supplied material does not identify current executives, a parent company, a corporate website URL or operations outside the UAE.
- 2025
Fitch rating affirmation
[1]Fitch Ratings affirmed ADNTC’s A- Insurer Financial Strength rating and assigned a stable outlook.
- 2024
AM Best rating affirmation
[1]AM Best affirmed the company’s A- (Excellent) Financial Strength Rating and a- (Excellent) Long-Term Issuer Credit Rating, with a stable outlook.
- 2014
MENA Takaful insurer recognition
[1]ADNTC was named Takaful Insurer of the Year for the MENA region at the MENA Insurance Review Insurance Awards.
- 2013
Second INSUREX operator award
[1]The company was again recognized as Takaful Operator of the Year in the Middle East at the INSUREX Conference & Awards.
- 2012
Regional bancatakaful recognition
[1]The company was recognized as Best Bancatakaful Operator Middle East at the International Takaful Summit.
- 2012
Takaful Operator of the Year
[1]ADNTC received the Middle East Takaful Operator of the Year award at the INSUREX Conference & Awards.
- 2003
Company established
[1]Abu Dhabi National Takaful Company was established by Abu Dhabi Islamic Bank and Abu Dhabi Investment Company to operate as a Takaful insurer in the United Arab Emirates.
Products and positioning
UAE Islamic insurance and bancatakaful operator serving retail and commercial customers
Motor insurance
Motor Takaful
Motor Takaful provides vehicle-related protection within the company’s Islamic insurance portfolio. The line is intended to address personal and potentially commercial motor risks through a Takaful structure rather than a conventional insurance contract. The supplied material does not specify available cover levels, exclusions, claims processes or vehicle eligibility.
Property insurance
Property Takaful
Property Takaful covers property-related exposures under the company’s Sharia-oriented operating model. It may serve residential or commercial needs, but the available reference does not identify the exact insured assets, perils, limits or policy variants. The product line forms part of ADNTC’s broader general insurance offering in the UAE.
General accident insurance
General Accident Takaful
General Accident Takaful addresses accident-related risks outside the company’s named motor, medical, family and property categories. It is presented as one of ADNTC’s general Takaful lines, but the supplied sources do not provide a detailed list of covered events, beneficiaries, limits or distribution arrangements.
Family and life protection
Family Takaful
Family Takaful provides family-oriented protection within an Islamic insurance framework. Such arrangements can involve longer-term personal or dependent protection, but no specific ADNTC product wording, savings features, benefit structure or contribution terms are identified in the supplied material.
Health insurance
Medical Takaful
Medical Takaful is ADNTC’s health-related insurance line for medical protection in the UAE. It is relevant to both individual and organizational insurance needs, although the available source does not document network providers, benefits, regulatory plan categories, claims administration or specific customer segments.
Engineering and project insurance
Engineering Takaful
Engineering Takaful addresses risks associated with engineering works, construction or related projects. Its inclusion indicates that ADNTC serves commercial and project-based customers in addition to retail policyholders. The reference material does not state which construction, machinery or project covers are available.
Marine cargo insurance
Marine Cargo Takaful
Marine Cargo Takaful provides protection for cargo transported through marine or related logistics channels. It extends ADNTC’s portfolio into trade and commercial risk, but the supplied sources do not identify route restrictions, cargo classes, territorial scope or policy conditions.
Recent events
Abu Dhabi National Takaful announces car-insurance renewal discount[2]
Abu Dhabi National Takaful announced a 40% discount on car-insurance renewal premiums for April and May, effective from 1 May through the end of 2020.
Sources2 sources
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