Al Madina Insurance Company SAOG has been honoured with the prestigious Best General Takaful Provider in the Middle East Region 2026 award by Global Banking & Finance Review, recognising the company’s outstanding contribution to the development and delivery of Shariah-compliant insurance solutions to its policyholders.
Global Banking & Finance Review officially presented Al Madina Takaful with its award at a dedicated event held at the London Stock Exchange, UK. The Global Banking team conducted an exclusive interview with the Executive Management team of Al Madina at the state-of-the-art London Stock Exchange Studio. The high-level session explored the key milestones behind Al Madina Takaful’s rise to regional prominence, its rich growth history, and its forward-looking strategic objectives in the Takaful sector. Full interview session is available on official social media channels of both Al Madina Takaful and Global Banking and Finance Review.
This award highlights its continued commitment to innovation, customer-centric services, and operational excellence within the Takaful industry. Over the years, Al Madina Insurance has strengthened its position as a trusted provider of Shariah-compliant insurance products by offering a comprehensive range of Takaful solutions, including Motor, Property, Engineering, liability, Energy, Aviation, Marine, General Accident, Life and Medical class of Insurance.
Varan Sash, CEO & Editor-in-Chief of Global Banking & Finance Review, commented:"We are pleased to recognise Al Madina Insurance Company SAOG with the award for Best General Takaful Provider Middle East 2026. The company has demonstrated a strong commitment to delivering high-quality, Shariah-compliant insurance solutions while maintaining a clear focus on innovation, customer service, and operational excellence. Its continued growth and dedication to ethical financial practices have positioned it as a trusted provider within the region’s Takaful landscape."
Commenting on the achievement, Mr. Usama Al Barwani, Chief Executive Officer of Al Madina Takaful, said:
"We are honoured to receive the Best General Takaful Provider Middle East 2026 award from Global Banking & Finance Review®. This achievement reinforces our commitment to delivering innovative, customer-focused and Sharia-compliant insurance solutions that meet the evolving needs of our policyholders. As we look ahead, we remain focused on creating sustainable value for our policyholders, shareholders and all our stakeholders."
Mr. Shakaib Mahmood, Deputy CEO, added:
"This award is a huge achievement, not in the country, but in the entire Middle East Region and is a testament to the collective efforts of our Board, management and employees. At Al Madina Takaful, we believe lasting trust is built through transparency, disciplined underwriting and an empathetic approach to claims. These principles remain at the heart of how we serve our customers and conduct our business."
Mr. Aneesh Varghese, General Manager and Head of Insurance Operations, said:
“We are profoundly grateful to accept this prestigious accolade at the historic London Stock Exchange. This prestigious recognition is a testament to our team’s unwavering dedication to innovation, customer trust, and financial excellence. It validates our commitment to set new benchmarks in the regional insurance sector and inspires us to continue delivering our commitment to all our stakeholders.”
With this latest accolade, Al Madina Takaful further reinforces its reputation as a leading Takaful provider in the Middle East Region, continuing to drive industry standards while delivering sustainable and responsible insurance solutions to its policyholders.
