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Medgulf Takaful

المتوسط والخليج تكافل

78Score
★★★☆☆3.7

Customer satisfaction · 80K members

CBB: Allianz-Backed Takaful Insurer(2026)

Medgulf Takaful is a Sharia-compliant insurer in Bahrain owned 75% by Mediterranean and Gulf Insurance and Reinsurance and 25% by Allianz Europe. This unique backing combines regional insurance expertise with Allianz's global strength.

Overall Score

78/100

Founded

2007

Headquarters

Manama

Type

private
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Key Metrics

Ownership

75% Mediterranean Gulf + 25% Allianz Europe

Type

Takaful (Sharia-compliant)

Products

Motor, household, marine, engineering, health

Backing

Allianz + regional reinsurance

Editorial Ratings

CBB: Allianz-Backed Takaful Insurer(2026)

Rating: Allianz + Mediterranean Gulf backed Takaful (max: #1)

78Central

Coverage Highlights

  • ✓Sharia-compliant (Takaful) insurance
  • ✓75% owned by Mediterranean and Gulf Insurance, 25% by Allianz Europe
  • ✓Allianz backing provides global reinsurance strength
  • ✓Health Takaful among diverse product range

Pros

  • ✓Sharia-compliant option for observant Muslims
  • ✓Allianz backing provides strong financial support
  • ✓Regional reinsurance expertise
  • ✓Growing Takaful market segment

Cons

  • ✗Younger company (founded 2007)
  • ✗Limited individual health plan options
  • ✗Smaller provider network than GIG

Frequently Asked Questions

Who owns Medgulf Takaful?

Medgulf Takaful is 75% owned by Mediterranean and Gulf Insurance and Reinsurance (a regional leader) and 25% by Allianz Europe.

Is Medgulf Takaful Sharia-compliant?

Yes. Medgulf Takaful offers Islamic (Takaful) insurance products that conform to Sharia principles.

Does Medgulf Takaful offer health insurance?

Yes. Medgulf Takaful offers health Takaful as part of its product range alongside motor, household, marine, and engineering insurance.

Quick Summary

InsurerMedgulf Takaful
Country🇧🇭 Bahrain
Overall Score78/100
Satisfaction3.7/5
Members80K
Typeprivate
Founded2007

Other Insurers in Bahrain

GIG Bahrain (Bahrain Kuwait Insurance Company)

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92

/ 100

Cigna Healthcare (Middle East)

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90

/ 100

Allianz Care (Bahrain)

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88

/ 100

Bupa Global (Bahrain)

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85

/ 100

Solidarity Bahrain

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80

/ 100

Ready to get covered?

Visit Medgulf Takaful to learn more about their plans.

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