QIIC Discloses Financial Statement for 3rd Quarter Ended 30.9.2018

Qatar Islamic Insurance Company disclosed its financial statements for the period ended on 30.9.2018. The statements shows that the net profit is QR 57,482 Million compared to net profit amounting to QR 50,148 Million for the same period of the previous year.
The earnings per Share (EPS) amounted to QR 3,83 for the period ended 30.9.2018 compared to EPS amounted to QR 3,34 for the same period of the previous year.

The Results of Extraordinary General Assembly Meeting 14/10/2018

The quorum was achieved for the third Extraordinary General Assembly Meeting for QIIC on Sunday 14.10.2018 and the following decisions was approved :-
1- Approved the Board of Directors’ recommendation to change the name of Qatar Islamic Insurance Company to be Qatar Islamic Insurance Group and accordingly modify the Articles of Association.

2- Approved the Board of Directors’ recommendation to establish real estate company owned 100 % by the Group.

QIIC. DISCLOSES INTERIM FINANCIAL STATEMENT (AUTIDED) FOR THE SIX MONTHS PERIOD ENDED JUNE 30, 2018

Qatar Islamic Insurance Company disclosed its reviewed financial statements for the period ended on 30.6.2018. The statements shows that the net profit is QR 41,115 Million compared to net profit amounting to QR 36,067 Million for the same period of the previous year.

The earnings per Share (EPS) amounted to QR 2,74 for the period ended June 30, 2018 compared to EPS amounted to QR 2,40 for  the same period of the previous year.

INVITATION TO ATTEND THE EXTRAORDINARY GENERAL ASSEMBLY MEETING

Qatar Islamic Insurance Company
Invitation to attend the Extraordinary General Assembly Meeting

The Board of Directors of Qatar Islamic Insurance Company has the honor to invite the shareholders to attend the Extraordinary General Assembly Meeting of the company and scheduled to be held at 5 pm on Tuesday, 15/5/2018 at Lazurd Hall In Ezdan Towers, in the absence of a quorum, the date of the second meeting (reserve) will be on Sunday, 27/5/2018 At 9:30 pm at the same place, to consider the following :-

The agenda for the Extraordinary General Assembly Meeting :-

1- Approve the amendment and addition of a number of articles in the Company’s Articles of Association (as disclosed and published on the Company’s website www.qiic.com.qa) in line with the corporate governance and legal entities listed in the main market issued by the Board of Directors of Qatar Financial Markets Authority (5) for the year 2016.

2- Authorization of the H.E. Chairman of the Board of Directors or his Deputy to sign separately the company’s amended Articles of Association and documented it and take all the necessary procedures, and complete the procedures of publications of amendments in the Official Newspaper.

– In the event that the shareholder can not attend personally, please appoint a representative of the other
shareholders to attend the meeting under a written proxy.
– In the event that the shareholder is a legal person, a letter of authorization must be submitted to the
representative of the company or the bank to attend the meeting on their behalf.
– Attendance registration will begin one hour before the start of the meeting.

Abdulla Bin Thani Bin Abdulla AL Thani
Chairman of Board of Directors

Download: Proposed Amendments to Articles of Association

QIIC posts gain in gross written premium to QR316.6mn in 2017

Qatar Islamic Insurance has reported more than 1% year-on-year rise in gross written contribution (premium) of QR316.6mn in 2017.

The insurer, which reported a shareholders’ profit of QR61.9mn, has recommended 35% cash dividend to be approved by shareholders at the annual general assembly meeting.

The company’s earnings-per-share was QR4.13 compared to QR4.23 a year ago. The policyholders’ surplus registered more than 100% growth to QR16.2mn in 2017 compared to QR7.9mn in the previous year.

Sheikh Abdulla bin Thani al-Thani, chairman of Qatar Islamic Insurance, said the company would distribute, for the eighth consecutive year, 20% surplus to all the eligible policyholders for 2017. He said the board appreciated the management’s efforts in achieving these results despite a very challenging environment in 2017 due to negative impact of low oil prices on national economy.

The management’s prudent underwriting and risk management policies generated good technical results that supported overall results in 2017 when investment returns were falling, according to Ali Ibrahim al-Abdulghani, chief executive of Qatar Islamic Insurance.

ITA2017

The Best Takaful Company in MiddleEast.

Qatar Islamic Insurance Company (QIIC) won The Best Takaful Company award and its CEO has dedicated it to Emir H H Sheikh Tamim bin Hamad Al Thani (Tamim the Glory) patron of the State’s renaissance and inspired of the patriotic spirit and unity.

Despite the Blockade national insurance companies performed well and it reflects the strength of the national economy of the State. Ali Ibrahim Al Abdulghani, CEO of QIIC dedicated the “Award of Excellence” given by the 11th International Takaful Summit held in London.

Ali Ibrahim Al Abulghani expressed his happiness with the Company’s winning of the award.
He considers this award is an acknowledgment and appreciation of Takaful insurance community of the important role of the Takaful insurance which is regarded as an ideal pattern of real application and correct understanding of Islamic Sharia and its perception of Islamic economics and Islamic Takaful insurance which is realized through real distribution of the surplus resulted from its insurance operations due to the policyholders continuously for the eights year, in addition to excellent results for the Company’s stakeholders.

Insurance Football 2017

The captain of Qatar Islamic Insurance company Mr. Tariq Hilmi presenting the Insurance Football 2017 Runners-up trophy to QIIC CEO Mr. Ali Ibrahim Al Abdulghani.

Mr. Ali Ibrahim congratulated the whole team for this achievement and praised the Team efforts.

Mr. Ali was the mastermind behind the Insurance Football Tournament that started in 2013, with the idea and thought of raising the vision of the State of Qatar to encourage exercise & dissemination of sports culture in all loved Qatar state. This event on large scale gave opportunity of rapprochement between workers in the insurance sector and joint cooperation between staff in the insurance industry.

Mr. Ali thanked all teams that participated in the tournament and making it a permanent sport with growing spirit of unity.