Dubai - Mubasher: Islamic Arab Insurance Company (Salama) reported net profits of AED 8.24 million in the first six months (6M) of 2025, marking a year-on-year (YoY) drop from AED 20.53 million.

Takaful revenues fell to AED 515.35 million in the first half (H1) of 2025 from AED 528.58 million in H1-24, according to the financial results.

The basic and diluted earnings per share (EPS) stood at AED 0.006 in 6M-25, against AED 0.012 in the same period last year.

Results for Q2-25

In the second quarter (Q2) of 2025, the net profits of Salama hiked to AED 7.86 million as compared to AED 2.95 million a year earlier.

Takaful revenues went up to AED 258.99 million in April-June 2025 from AED 257.11 million in Q2-24, while the EPS grew to AED 0.007 from AED 0.001.

Mohamed Ali Boubane, CEO of Salama, said: “Our strategic focus on operational efficiency and prudent financial management is yielding positive results, underpinned by the substantial increase in our cash reserves and continuing to strengthen our equity base.”

“We remain committed to delivering excellence in customer-centric products, innovating our Takaful offerings, and upholding our promise to policyholders and shareholders,” the CEO added.

He concluded: “The positive momentum positions us well for the remainder of the year as we continue to navigate the market with agility, disciplined underwriting, digital innovation, and strategic foresight to further solidify Salama’s position as a regional Takaful leader.”