Islamic Arab Insurance Co. - SALAMA Islamic Arab Insurance Company
Dec 31, 2016 - competitive and volatile, like last year the motor insurance business faced many challenges ... for the motor business, SALAMA will continue to nurture other business. Head Office ...... Group's operations, this standard is expected to have a limited pervasive impact on the Group's consolidated financial ...
Consolidated statement of profit or loss and other comprehensive income
12
Consolidated statement of financial position
13
Consolidated statement of cash flows
14
Consolidated statement of changes in equity
15 - 16
Notes
17 - 76
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Registration No (17) under Federal Law No (6) of 2007
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We present 37 th Annual Report together with the audited consolidated financial statements for the year ended 31 December 2016. We are proud to announce that during the year 2016 SALAMA has won "Best Family Takaful Operator - ME" Award at Islamic Business & Finance Awards, which was announced at the award ceremony, attended by over 200 Islamic bankers and financiers from around the world. This award is a testimony to SALAMA's strong foundation and values on which the Family Takaful Business is built, always keeping customers at the heart of the business. Last year we have received "Family Takaful Company of the year" Award from MIlA (Middle East Insurance Awards). SALAMA apart from operations in UAE, do have many sustainable operations conducting Islamic insurance in their respective regions. In the year 2016 our operations across the region have recorded tremendous growth in their net profits, it rose to AED 57 MN from AED 22 MN last year. However, this is despite the fact that during the year our operations in Egypt and Algeria have suffered huge foreign currency setback against US Dollar. The consolidated net loss during the year 2016 is due to discontinued operations of BEST RE and losses in Motor portfolio in UAE. Motor portfolio in UAE by its very nature is highly competitive and volatile, like last year the motor insurance business faced many challenges leading to losses for many operators in the market.
penalty: so did the leader of another important school, the literalist Tbn. Hanbal (d. ..... Architecture, belles lettres, and scholarship flourished in Cordoba under 'Abd .... The most acclaimed lyricist of this brilliant era, Ibn Quzman (ca. 1080-.
Apr 5, 2018 - Coordinator at the Center for Contemporary Arab Studies at. Georgetown University. Marina has a BA in Political Science from UC Berkeley and an MA in Middle Eastern Studies from the American University of Beirut, where her research focu
25th largest writer of property and casualty insurance for businesses, homes, and ... supplemental claims materials to the claims management system by simply.
Safaricom's M-PESA mobile banking system helps Kilimo Salama to keep index ... and such payouts are critical in building farmers' ... mobile phone application.
into account the future investment return on investments held to back the unearned premiums and claims provisions. ... Certain generated returns are accrued and provided for in the life fund. Insurance ... Investment income comprises income from fina
Apr 15, 2010 - payments to Brokerage A and its CEO, as defined in Appendix A, ..... Accordingly, obtaining the business of Brokerage A's .... its internet site.
Dec 31, 2016 - cost using the effective interest rate less allowance for impairment, if any. ..... An asset's recoverable amount is the higher of an asset's or ...... accounts, time deposits and savings accounts as a source of funds to finance.
Ghazw is a raid that has evolved into the term for battle, ghazah, or ghazwa. These were battles in which the Prophet Muhammad personally participated.
Apr 12, 2017 - consolidated interim financial information based on our review,. 2 l las. MILF. O. T U AL ' peratin KPN. nternatio. .. S. *AG TE A M ba Brail. PM'.
