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The Foundation :

The Company started providing Medical Insurance schemes in February 2004 as the First Kuwaiti insurance Company specialized in providing the medical insurance for Citizens and Expatriates in Kuwait as a pioneer company in this Field through specialized services. Activities were gradually developed and life Insurance was launched in November 2006, in addition to other insurance services as personal accidents Contracts , Travel insurance and the Medical Cards offers.

In March 2007, the Company completed the conversion procedures to become a Takaful Insurance Company providing it services under the name of Warba Takaful Medical Insurance Company, to follow its management’s trend to provide services which comply with the Islamic Provisions, and to satisfy a large and significant public demand in the Kuwaiti Society. Such conversion came as a result of a careful study of the Kuwaiti Insurance market, to provide the best insurance Services on the Takaful basis which is the root of the Insurance concept throughout the history.

In June 2007 the Company included all types of insurance such as Motor, Marine, and General insurance, additional to life and medical insurance under the name of Warba Takaful Insurance Company. This expansion coincides with the Company’s being awarded the ISO 9001:2000 Quality management Certificate as the First insurance Company to be awarded the said certificate in the State of Kuwait. Such award is an indicator to the Company’s observance of promoting the level of performance, quick and accurate completion of work to ensure the customers’ satisfaction and confidence.
 

The Company’s Message :

Our specialized team consisting of the most qualified experiences in the insurance and re-insurance market, insurance Consultants and trusted shareia committee, is always ready to provide the best services through a study which satisfies the Market demands of the Insurance schemes, all Medical and health services, life & non life insurance which all comply with the Islamic principles.

The Company as well grants, re-ensures, attains a counter guarantee for all or any of the risks for all types of insurance covered by the Company.

The Paid up Capital :

The Company started its business with capital fixed at KD 1,000,000 (KD One Million only) divided into 10,000,000 (ten Million) unit of shares, each share unit is valued at 100 Fills.

Capital has been increased to become KD.3,500,000 (KD three million five hundred thousand) divided into 35,000,000 (Thirty five Million) unit of shares, each share unit is valued at 100 Fills.

With the announcement of the conversion to Takaful Insurance in July 2007 under the name of Warba Takaful Insurance Company, providing all types of insurance , Capital was raised to KD 10,000,000 (KD Ten Million) divided into 100,000,000 (One hundred Million) unit of shares, each share unit is valued at 100 fills and in cash.

The Board of Directors :

The company’s Management entrusted by a board of Directors comprises of Seven members, appointed by one or several entities which are entitled to delegate representatives on their behalf at the Board of Directors according to the percentage of the shares they own in the company. The members are elected by the General Assembly by ballot.

The Board Members :

	Mr. Tawfeeq Shamlan Al-Bahar	Chairman & Managing Director
	Mr. Anwar Jawad Bu-Khamseen	Vice Chairman
	Mr. Dawoud Salem Tawfeeq	Board Member & General Manager
	Mr. Mohammad Rashed Al-Alban	Board Member
	Dr. Sadeq Jaafar Abul	Board Member
	Mr. Ahmad Ali al Matrouk	Board Member
	Mr. Badah Sa’ad Al-Hajiri	Board Member

  Members of Shareia Supervisory Board :

	1-Dr. Abdul Aziz Al-Qassar
	2-Dr. Khaled Al-Mathkour
	3-Dr. Mustafa Al-Zalzalah