About Us - Amana Takaful

Takaful is derived from the Arabic root-word “kafala” which means Mutual Protection and Joint Guarantee. Operationally, Takaful refers to participants contributing mutually to a common pool, for the purpose of mutual indemnity in the case of peril or loss. This arrangement is obligated through the tenets of Islamic Shariah.
With these ideals, Amana Takaful Insurance was incorporated as a Public Company for the purpose of Composite Insurance in Sri Lanka in 1999, with technical collaboration from Takaful Malaysia. Listed in the Colombo Stock Exchange since 2006, Amana Takaful Insurance has expanded its geographic foot-print through 25 branches in the country. Our overseas branch operation in the Republic of Maldives since 2005,was incorporated as a free standing PLC listed on the MSE in 2011.
With the growth of the Takaful way of Insurance, we now count a staff strength of 400 plus, offering products and services tailored to the discerning diversity of the businesses and communities we serve.
Amana Takaful Insurance has received ISO 9001 accreditation.

How are we apart

Seadfastly holding on to our lofty ideals, we under-write all classes (with a few exceptions). Over the years we have derived strength from diversity, enlisting all communities in Sri Lanka in our customer portfolio striving to provide competitively superior financial solutions, working together with our valued business partners.

At Amana Takaful Insurance we believe in being a socially responsible corporate. We have identified key areas such as health care, education and children as our main priorities. With these concerns as guideposts the following programs have been developed, in the hope of uplifting the lives of the less fortunate in rural areas.

A keystone of Amana Takaful Insurance is community, therefore it is a given that caring for our community is one of our main priorities.

After nearly 10 years of carrying out operations in Sri Lanka, a management decision was taken to streamline and formalize our Corporate Social Responsibility (CSR) activities under the banner, “Amana Takaful Cares”.

At Amana, caring is not just the fulfilling of an obligation or responsibility;
it is our corporate bliss.

How does it operate

Our CSR programmes each bear the hallmarks of the Takaful concept. We partner with local organizations and charities which are located close to our branch sites in order to facilitate coordination and monitoring, for the most effective utilization of proceeds. Further we attempt to utilize the funds collected from a certain branch to benefit the communities within that area—this leads to a truly community based approach to social responsibility.

How to be a partner

Our customer care officials will be delighted to help you with assisting your community. Each branch has a selection of collection envelops which can be filled and dropped into a secure collection system. Customers can also suggest worthy causes and the company CSR team will evaluate these requests based on merit and feasibility.

What we do

Amana Takaful Cares focuses its activities on health care, education and children. With these concerns as guideposts the following programmes were developed, in the hope of uplifting the lives of the less fortunate in rural areas.

NAME OF THE COMPANY

Amana Takaful PLC

TAX PAYER IDENTIFICATION NUMBER (TIN)

134007958

COMPANY REGISTRATION NUMBER

PQ 23

REGISTERED OFFICE

No. 660-1/1, Galle Road,
Colombo 03, Sri Lanka

SHARIAH ADVISORY COUNCIL

Mufti M.I.M. Rizwe – Chairman

Mufti Shafique Ahmed Jakhura – Member

Ash-Sheikh M. Murshid – Secretary

CHIEF EXECUTIVE OFFICER – Amana Takaful PLC

Shehan Feisal

SECRETARIES

Managers & Secretaries (Pvt) Ltd.

SUBSIDIARIES

Amana Takaful Life PLC No. 660 – 1/1, Galle Road,
Colombo 03, Sri Lanka

Amana Takaful (Maldives) PLC – Ground Floor, H. Palmayrah, Sosun Magu, Male, Republic of Maldives

AUDITORS

Messrs Ernst & Young
Chartered Accountants

LEGAL STATUS

Public Quoted Company with Limited Liability incorporated in Sri Lanka on 7th December 1998. Registered under the Companies Act No. 07 of 2007 on 27th June 2007

STOCK EXCHANGE LISTING

The shares of the Company are listed in the Second Board of the Colombo Stock Exchange, Sri Lanka on 27th November 2006. Stock Exchange Code for Amana Takaful PLC shares is ‘ATL’.