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National Takaful Company, Watania, is an Islamic insurance brand that was established in 2011, and is listed on the Abu Dhabi Stock Exchange (ADX). With a paid-up capital of AED150 million, its aim is to be the leading Islamic Insurance (takaful) operator in the United Arab Emirates where there is a high demand for Shariah-compliant insurance offerings. Abu Dhabi National Insurance Company (ADNIC) has a 16% share in the company, Abu Dhabi National Islamic Finance (ADNIF) also has a 16% share in the company, Abu Dhabi National Energy Company (TAQA) has a 7% share in Watania, and Aldar Properties also has a 7% share. Additionally, Watania floated its stocks for an IPO in its founding year. Its issue was oversubscribed over five times and after the allotment process, Ajman Bank was given a 16% share in the company, while Qatar First Development Bank was given a 10% share in Watania, along with the original shareholders. However, in August 2014, MB Investment UAE and Madina Takaful Oman took a majority 60% stake in the company from the original shareholders.

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Average rating:  
 2 reviews
by Katerina S on Watania

Worst insurance ever.

Worst insurance ever. Nobody answers the phone after 4 pm. When you call 3 different numbers in the morning they continiously transfer your call to other line where there is only autoreply. And if you have an emergency insurance case? Don't advise to anybody dealing with this company. Fake insurance.

by Hamzeh Ali on Watania

Best service

Best service with affordable premiums

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