UAE: Orient Insurance to open takaful window
Source: Middle East Insurance Review | Nov 2026
The board of directors of Orient Insurance, the UAE’s biggest insurer in terms of insurance revenue and net profit, has approved the establishment of a takaful window.
The board approved the move at a meeting on 25 September 2026 and disclosed it in a statement lodged with the Dubai Financial Market. The statement provided no details about the takaful window.
The move aims to expand Orient Insurance’s Shariah-compliant financial services in the emirates. In the UAE, Orient Insurance holds a 95.78% stake in Orient Takaful, which is engaged in general insurance, according to its 2025 annual report.
In addition, Orient Insurance said in its 2025 annual report, “We commenced our operations in KSA in the last quarter of 2025. Our discussions are continuing with the regulator in Australia, where significant progress has been made towards launching our takaful operations.”
However, the group’s Egyptian subsidiary, Orient Takaful Insurance, obtained regulatory approval from the Financial Regulatory Authority on 19 October 2025 to convert its operations from takaful to conventional insurance. Following this approval, the subsidiary changed its name to Orient Insurance – Egypt. M