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Al Madina Takaful

المدينة تكافل

75Score

★★★☆☆3.6

Customer satisfaction · 80K members

FSA: First Takaful Insurer in Oman(2026)

Al Madina Takaful is the first takaful (Islamic insurance) company in Oman, holding a Category 'A' Health Insurance License from FSA. This allows it to independently underwrite and manage health insurance policies under Sharia-compliant principles.

Overall Score

75/100

Founded

2006

Headquarters

Muscat

Type

private

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Key Metrics

Distinction

First takaful company in Oman

Health License

Category A Health Insurance License

Type

Takaful (Sharia-compliant)

Capability

Independent health policy underwriting

Editorial Ratings

FSA: First Takaful Insurer in Oman(2026)

Rating: First takaful company in Oman — Category A licensed (max: #1)

75FSA

Coverage Highlights

✓First takaful (Islamic insurance) company in Oman
✓Category A Health Insurance License from FSA
✓Can independently underwrite and manage health policies
✓Sharia-compliant products and investments

Pros

✓First takaful company in Oman — pioneer status
✓Category A licensed for health insurance
✓Sharia-compliant for observant Muslims
✓Growing market presence

Cons

✗Smaller market share than Liva or Dhofar
✗Newer to health insurance specifically
✗Limited provider network compared to Liva

Frequently Asked Questions

Is Al Madina Takaful the first Islamic insurer in Oman?

Yes. Al Madina Takaful is the first takaful (Islamic insurance) company in Oman, pioneering Sharia-compliant insurance in the Sultanate.

What is a Category A Health Insurance License?

A Category A license from FSA allows Al Madina Takaful to independently underwrite and manage health insurance policies, without needing a conventional insurer partner.

Can Al Madina Takaful write health policies independently?

Yes. With its Category A license, Al Madina Takaful can independently underwrite and manage health insurance policies under Sharia-compliant principles.

Quick Summary

InsurerAl Madina Takaful

Country🇴🇲 Oman

Overall Score75/100

Satisfaction3.6/5

Members80K

Typeprivate

Founded2006

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