Abu Dhabi - Mubasher: Abu Dhabi National Takaful Co. posted an 18% increase in profits in 2016, according to a statement Tuesday.

The leading Takaful operator in the region reported AED 49.0 million in profits for the year ended 31 December 2016, versus AED 41.6 million in 2015.

“This performance, which marked the company’s seventh consecutive year of continuous increase in net profitability, was immensely boosted by excelling across all financial and non-financial indicators with a key focus on excellent customer service and unique products offering”, according to a press release from the Emirati company.

Abu Dhabi National Takaful became the highest rated Takaful operator worldwide last August, after its financial strength rating was upgraded to A- (Excellent) and its issuer credit rating to “a-“, with the outlook assigned to both as stable by a credit rating agency.