The Board of Directors of Takaful International Company B.S.C. (Trading Symbol: TAKAFUL) approved the company's financial results for the period ending March 31, 2026. The net profit attributable to shareholders after tax reached BHD 430,000 for the three months ending March 31, 2026, compared to a net profit of BHD 422,000 for the same period last year, an increase of 2%. Earnings per share were 5.07 fils for the three months ending March 31, 2026, compared to 4.96 fils per share for the same period last year. The total comprehensive income for the three months ending March 31, 2026, was BHD 237,000, compared to BHD 442,000 for the same period last year, down by 46%.

The company's total profit after tax reached 593 thousand Bahraini dinars during the first quarter of 2026, compared to 556 thousand Bahraini dinars for the same period last year, an increase of 7%. This rise in profit is attributed to the efficiency of the insurance operations management that the company adopted in the first quarter. The participants' Takaful fund achieved a surplus of 163 thousand Bahraini dinars during the first quarter of 2026, compared to a surplus of 134 thousand Bahraini dinars for the same period last year, an increase of 21%. The shareholders' fund recorded a post-tax profit of 430 thousand Bahraini dinars in the first quarter of 2026, compared to a profit of 422 thousand Bahraini dinars in the same period last year, an increase of 2%.

Takaful contributions reached 7.90 million Bahraini dinars in the first quarter of 2026, compared to 6.84 million Bahraini dinars for the same period last year, marking a 15% increase. The incurred Takaful costs were 6.23 million Bahraini dinars in the first quarter of 2026, compared to 5.73 million Bahraini dinars for the same period last year, an increase of 9%.

 

Total shareholders' equity was 12.06 million Bahraini dinars as of March 31, 2026, compared to 13.1 million Bahraini dinars as of December 31, 2025, a decrease of 8%.

 

Total assets of the company reached 47.69 million Bahraini dinars as of March 31, 2026, compared to 46.59 million Bahraini dinars as of December 31, 2025, an increase of 2%.

 

In light of the results achieved during the three months ending March 31, 2026, Mr. Ibrahim Al-Rais, the Chairman of the Board, stated that the company achieved satisfactory results despite the ongoing geopolitical challenges in the Gulf region.

He emphasized that these results reflect the strength of the takaful model adopted by the company, and its disciplined approach that aligns with Islamic law in managing its operations and risks. He also renewed his confidence in the resilience of Bahrain's economy and its ability to handle regional challenges, expressing his appreciation for the ongoing efforts of the esteemed government in supporting the private sector and maintaining economic stability.

The Chairman also expressed his pride in the company's recent announcement to return to its original legal name, 'Al-Takaful International,' emphasizing that this step reaffirms its established identity and ongoing commitment to Takaful principles based on cooperation, transparency, and shared responsibility.

 

For his part, Mr. Essam Al-Ansari, the company's CEO, stated that the company achieved positive results during the first quarter, with the Takaful fund showing strong performance driven by disciplined and effective insurance management. He explained that this performance reflects the company's continuous focus on careful underwriting practices, effective risk management, and high operational efficiency, in line with Takaful principles. 

 

He also highlighted the initiatives carried out during the period to support participants under exceptional circumstances, including providing emergency medical coverage for policyholders outside the Kingdom of Bahrain, extending medical services to ensure continuity of care, as well as offering a special discount for frontline workers in recognition of their dedicated efforts.

Mr. Al-Ansari added that the updated logo, which was recently unveiled, represents a well-thought-out evolution of the company's visual identity, reflecting its forward-looking approach while maintaining a strong connection to its values and rich heritage.

 

About International Takaful Company

International Takaful Company B.S.C. is the first Islamic insurance company in the region. It was established in 1989 to provide a comprehensive range of insurance products and coverage that comply with the principles of Islamic Sharia and meet the needs of various institutions and individuals. It is a subsidiary of Bahrain Kuwait Insurance Company and has been rated (A-) Excellent by the global rating agency AM Best.

 

This press release and the company's financial statements are available on the Bahrain Bourse website.