Qatar Islamic Insurance Company board of directors discussed and approved the financial closing for the third quarter ending 30/9/2014. H.E. Sheikh Abdullah Bin Thani – the chairman stated that despite the hard competition in the insurance local market ,Qatar Islamic Company has been succeeded in achieving share holders ‘s net profits QR. 61.88 Million by the end of third Quarter 30/9/2014 in comparison with QR. 50.62 Million for the same period 2013, with increased ratio of 22%, achieving QRs 4.13 per share in comparison with QRs 3.38 per each share same period 2013 .The chairman evaluating the share holders and contributors ‘s confidence in the company management’s efforts for offering the best and better insurance services as per Islamic shar’iah rules .
In this regards ,Mr. Ali Ibrahim Al- AbdulGhani the company CEO stated that the net technical operation profits has been increased with average ratio 58% for the period achieving QRs 10.88 million in comparison with QR. 6.89 million for the same period 2013. The insurance contributions (premium) increased by 9% to reach QRs 181 million compared with QR. 166 million for the same period 2013 .
Mr. Al-AbdulGhani added that the Qatar Islamic Insurance Company is considered as the first Islamic insurance company maintaining the annual surplus distribution for all its contributors since formation in 1995 , the company has been succeeded in distributing the highest returned surplus globally for the last four years reaching 20% . He offered thanks to all the company staff and management for their sincere support and assistance to all the company’s clients.