Takaful International announces its financial results for the first quarter of 2026

TDT | Manama

Email: mail@newsofbahrain.com

The Board of Directors of Takaful International Company B.S.C. (Trading Code: TAKAFUL) approved the financial results for the period ended March 31, 2026. The net profit of the shareholders after tax was BD 430K for the three months ending on March 31, 2026, a 2% increase from the net profit of BD 422K for the same period in the previous year. Comparatively, earnings per share for the three months ending on March 31, 2026, increased to 5.07 Fils from 4.96 Fils for the same period in the previous year. The comprehensive income for the threemonth period ending on March 31, 2026, was BD 237K, a decrease of 46% compared to BD 442K for the same period in the previous year.

The Company reported a total net profit after tax of BD 593K during the first quarter of the year 2026 compared to BD 556K for the same period in the previous year, an increase of 7%. This improvement in performance is attributed to the company’s consistently well-managed insurance operations during the first quarter. The Takaful Participants’ Funds achieved a surplus of BD 163K during the first quarter of 2026, compared to a surplus of BD 134K for the same period of the previous year, an increase of 21%. The shareholders’ fund achieved a profit after tax of BD 430K during the first quarter of the year 2026, compared to a profit of BD 422 for the same period of the previous year, an increase of 2%.

Recognized Takaful contributions were BD 7.90 million for the first quarter 2026, compared to BD 6.84 million for the same period of the previous year, an increase of 15%. Recognized Takaful Costs were BD 6.23 million during the first quarter 2026, compared to BD 5.73 million in the same period of the previous year, an increase of 9%.

The company’s shareholders equity amounted to BD 12.06 million as of March 31, 2026, compared to BD 13.1 million as of December 31, 2025, a decrease of 8%.

The company’s total assets amounted to BD 47.69 million as of March 31, 2026, compared to BD 46.59 million as of December 31, 2025, an increase of 2%.

Commenting on the announced financial results, Mr. Ebrahim Al Rayes, Chairman of the Board of Directors of the company, expressed satisfaction with the Company’s performance for the first quarter, noting that good results were achieved despite the prevailing geopolitical challenges in the Gulf region. He emphasized that these results reflect the strength of the company’s cooperative model and its disciplined, Sharia-compliant approach to managing its operations and risks.

He reaffirmed confidence in the resilience of the Kingdom of Bahrain’s economy and its capacity to navigate regional challenges, while expressing appreciation for the government’s continued efforts in supporting the private sector and maintaining economic stability.

The Chairman also expressed pride in the company’s recent announcement to revert to its original legal name, Takaful International, describing it as a reaffirmation of its established identity and its enduring commitment to the principles of mutual cooperation, transparency, and shared responsibility underpinning Takaful.

For his part, Mr. Essam Al Ansari, the Company’s Chief Executive Officer, stated that the Company achieved good results during the first quarter, with Takaful Fund delivering a solid performance driven by sound and disciplined insurance operations management. He noted that this performance reflects the company’s continued focus on prudent underwriting practices, effective risk management, and operational efficiency, in alignment with Takaful principles.

He further highlighted the initiatives undertaken during the period to support participants amid challenging circumstances, including the provision of emergency medical coverage for policyholders outside the Kingdom of Bahrain, the extension of medical services to ensure continuity of care, and the special discount offered to frontline workers in recognition of their dedicated service.

Mr. Al Ansari also noted that the recently unveiled refreshed logo represents a measured evolution of the company’s visual identity, reflecting its forward-looking direction while remaining firmly rooted in its values and heritage.

About Takaful International Company

Takaful International Company B.S.C. is the first Islamic Insurance Company in Bahrain. It was established in 1989. The Company provides a wide range of insurance covers and products consistent with the principles of Islamic Shari’a that serves the various needs of individuals and corporates. The Company is a subsidiary of Bahrain Kuwait Insurance Company B.S.C. and is assigned a rating of A- Excellent by AM Best Credit Rating Agency.