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Boubyan Takaful Logo

Corporate Governance

Corporate Governance

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Boubyan Takaful Insurance Company is committed to embedding strong governance principles across its business operations, upholding the highest standards of transparency, integrity, and compliance with regulatory and supervisory requirements.

The company strives to safeguard the rights and interests of policyholders, shareholders, and all stakeholders.

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Financial Statement

At Boubyan Takaful Insurance Company, we issue our financial statements at the end of each fiscal year, providing a comprehensive overview of our financial performance and cash flows throughout the year. These reports serve as an essential resource for our shareholders and stakeholders, reinforcing our unwavering commitment to transparency, accountability, and the principles of sound corporate governance.

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Fitch Assigns Boubyan Takaful A IFS Rating; Outlook Stable

Fitch Ratings, the global credit rating agency, has assigned Boubyan Takaful an Insurer Financial Strength (IFS) Rating of A with a Stable Outlook for 2025. This rating is a testament to the company s robust business model, financial stability, and its leading position in Kuwait s Takaful insurance sector. On this achievement, Ibrahim Abdullah Al Khuzam, CEO of Boubyan Takaful, expressed his pride, stating: "We are delighted to receive this prestigious rating from Fitch, which underscores our dedication to innovation and our commitment to providing top quality, Sharia compliant insurance services and solutions. This recognition reaffirms our ongoing efforts to achieve the highest standards of performance, transparency, and customer satisfaction.

Sharia Supervisory Board

At Boubyan Takaful Insurance Company, we issue our financial statements at the end of each fiscal year, providing a comprehensive overview of our financial performance and cash flows throughout the year. These reports serve as an essential resource for our shareholders and stakeholders, reinforcing our unwavering commitment to transparency, accountability, and the principles of sound corporate governance.

Download Shariah Supervisory Report

Outsourcing policy

Fitch Ratings, the global credit rating agency, has assigned Boubyan Takaful an Insurer Financial Strength (IFS) Rating of 'A' with a Stable Outlook for 2024. This rating is a testament to the company s robust business model, financial stability, and its leading position in Kuwait s Takaful insurance sector. On this achievement, Ibrahim Abdullah Al-Khuzam, CEO of Boubyan Takaful, expressed his pride, stating: "We are delighted to receive this prestigious rating from Fitch, which underscores our dedication to innovation and our commitment to providing top-quality, Sharia compliant insurance services and solutions. This recognition reaffirms our ongoing efforts to achieve the highest standards of performance, transparency, and customer satisfaction

Download Outsourcing Policy

Insurance Surplus Distribution Policy

At Boubyan Takaful Insurance Company, we issue our financial statements at the end of each fiscal year, providing a comprehensive overview of our financial performance and cash flows throughout the year. These reports serve as an essential resource for our shareholders and stakeholders, reinforcing our unwavering commitment to transparency, accountability, and the principles of sound corporate governance.

Download Insurance Surplus Distribution Policy

The Organization Structure

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The Organization Structure

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Corporate Governance