About Al Madina Insurance Company MGM
Al Madina insurance Company MGM was incorporated in 2006. With the historic introduction of Islamic Financial Services in Oman, Al Madina converted itself into a Takaful insurance firm from 1st January 2014.
The Company’s brand name ‘Al Madina Takaful’ symbolizes the vision of harmony with our stakeholders.
Al Madina Takaful is amongst the highest 10 insurance companies in Oman and is listed on Muscat stock exchange (MSM). the corporate is strongly capitalized, well above the regulatory minimum, with a Ba1 (Stable) rating from Moody’s Investment Services (MIS), a world rating agency.
Al Madina Takaful distinguishes itself by providing solutions appropriate to the requirements of policyholders, superior customer experience, and being empathic to Claimants during their hour of need.
Al Madina Takaful wins award for ‘Best Arab Company within the Insurance Category’ for the second year running, at the annual ‘Arab Best’ Awards.
Al Madina Takaful, Oman’s first Islamic insurance provider, was awarded once more at the annual Arab Best awards. For the second consecutive year, the corporate was named ‘Best Arab Company within the Insurance Category ‘ at a glittering awards ceremony held recently in Marrakech, Morocco. Ajay Srivastava, COO of Al Madina Takaful received the award on behalf of the corporate .
The coveted ‘Arab Best Awards program is organised within the Kingdom of Morocco, in recognition of excellence within the Arab world, within the categories of Leadership, Business and Community. The Awards recognise exceptional organisations and professionals within the Arab world. This year again, the Awards attracted wide participation, and therefore the winners were honored within the presence of leaders from many leading Arab and international organisations.
Al Madina Takaful wins Best Arab insurance firm Award
Al Madina was awarded the simplest Arab Company within the insurance category at the Arab Best Award 2017 at the ceremony held in Marrakech, Morocco.
Our CEO receives Best Arabian 100 CEO Award at Arab Best Award 2017.
The ‘Arab Best Award’ recognizes the simplest within the Arab world in leadership, business and community and sports. The award aims at motivating innovators from Arab countries and inspiring them to innovate and excel in business categories.
Al Madina Takaful wins Oman Insurer of the Year at the MENAIR Insurance Awards 2016
The award is one among the foremost reputed and revered recognition within the industry. this is often a milestone achievement for the organization beating both local and regional players operating in Oman and comes at a time when the industry is facing tough challenges.