JD 1.8 Million, Islamic Insurance Company’s half-Annual Profit of 2021

Shehadeh: The Company achieved satisfactory results for the first half of 2021 that strengthen the company’s position among the Jordanian insurance companies
Dahbour: The Company excelled in implementing a well-studied strategy to deal with the various challenges it faced.

The Islamic Insurance Company announced that it achieved an expected net profit after tax of JD 1.8 million for the period ending on June 30, 2021, compared to a net profit of JD 1.6 million for the period ending on June 30, 2020.

The company stated to the Securities and Exchange Commission that total half revenues for 2021 amounted to JD 4.1 million, compared to 2020, which amounted to JD 3.8 million.
The company indicated that the compensation paid for the period ending in June 2021 amounted to JD (5.2) million, compared to JD (3.7) million for the same period in 2020. The total expenses declined to JD 2 million in the first half of 2021 compared to JD (2.1) million for 2020. Total assets for the semi-annual period of 2021 amounted to JD (45) million.

Mr. Musa Shehadeh, Chairman of the Board of Directors of the Islamic Insurance Company, expressed his pride in the good results achieved by the company in the first half of this year, indicating that the Islamic Insurance Company was able to maintain an advanced position in the insurance sector and Islamic Takaful insurance in Jordan and serve the national economy.
Mr. Reda Dahbour, General Manager of the Islamic Insurance Company, expressed his satisfaction and appreciation for the company’s supervisory board of directors and the executive management’s efforts in implementing the company’s strategy by dealing with the various challenges facing the company while promoting the concept of cooperative insurance and meeting the needs of citizens wishing to Islamic insurance by providing the best insurance products compatible with the provisions and principles of Islamic law.