Saudi Arabia · Middle East & Gulf · class T

Takaful / Islamic insurance companies in Saudi Arabia

4 licensed takaful / Islamic insurers, 15% of the 26 insurance entities supervised by the Insurance Authority. Sharia-compliant risk-sharing operators (takaful, participation and retakaful).

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CompanyClassParent / groupOwnershipRegulatorVerificationPopularity
Al Rajhi TakafulTadawul: 1120TTakaful / IslamicAl RajhiDomestic privateIAVerified—
Aljazira Takaful TaawuniTadawul: 1020TTakaful / IslamicBank AljaziraDomestic privateIAVerified—
Salama Cooperative InsuranceTadawul: 8050TTakaful / IslamicSalamaDomestic privateIAVerified—
Solidarity Saudi TakafulTTakaful / IslamicSolidarity (Bahrain)Foreign multinationalIAVerified—

Popularity is an estimate of how often people search Google for each insurer, from 0 to 100; the bars show how confident the estimate is. Not a rating of the insurer. How the index works

About takaful / Islamic insurers in Saudi Arabia

How many takaful / Islamic insurers are licensed in Saudi Arabia?

4 of the 26 licensed insurance entities this directory lists in Saudi Arabia are classified as takaful / islamic (15%). Verified against the regulator register.

Who regulates takaful / Islamic insurers in Saudi Arabia?

Insurance Authority (IA). Regime: Cooperative Insurance Companies Control Law (Royal Decree M/32, 2003); Insurance Authority since November 2023, taking over from SAMA; cooperative model. Official website: https://ia.gov.sa.

Who owns the takaful / Islamic insurers in Saudi Arabia?

Of the 4 licensed takaful / Islamic insurers in Saudi Arabia, 3 are domestic private companies and 1 is a subsidiary of a foreign multinational group (Solidarity (Bahrain)), as recorded in the register.

Data: /api/v1/countries/saudi-arabia.json (filter by class = "takaful-islamic"). Licence CC BY 4.0, attribute KAFS North America.