Who we are
Watania International Holding PJSC, or ‘WIH’ or the ‘Company’, formerly Dar Al Takaful PJSC, is an investment holding company publicly traded on Dubai Financial Market (DFM: WATANIA).
WIH is a value-driven leading regional investment and asset management company, overseeing a portfolio of established Takaful providers and innovative investments. The Company’s core belief is to invest for good with the aim of delivering sustainable outcomes in the markets and sectors where it operates.
The Company has a clear strategic growth framework that leverages its strong legacy in the Takaful sector and scale following the merger in 2022 as well as the deep expertise of its solutions-focused leadership team. This is underpinned by its technology and data-driven approach combined with market insights and expertise to benefit from UAE and regional organic and inorganic opportunities that create positive returns for its shareholders and long- term value for all stakeholders.
Founded in 2008, the Company secured its UAE Takaful license in July of the same year and commenced operations in September.
After years of successful growth and development, Dar Al Takaful acquired Noor Takaful in 2020. This strategic move broadened the Company’s portfolio, demonstrating a commitment to growth and market influence. Subsequently, in July 2022, National Takaful Company (Watania) merged with Dar Al Takaful, resulting in the establishment of one of the largest Takaful entities in the UAE.
In March 2023, the holding company, Dar Al Takaful, underwent a strategic rebranding, emerging as Watania International Holding PJSC. This transformation was not merely symbolic; it represented a fundamental shift in the Company’s identity and strategic objectives. Concurrent with this rebranding, the decision was made to relinquish the insurance license. This transitioned the Company into an investment holding entity, aiming to expand its footprint within the UAE and regional Takaful and Islamic financial services sectors.
We are a Takaful business that is based on solidarity. We consider our Policyholders perspective first in everything we do.
We always do what is right. We respect the trust placed on us, and our commitment to honesty and transparency always comes first.
Our clients deserve listening, understanding, and responsible action. We are solutions driven.
We strive for simplicity in all things: products, processes, and relationships. It makes our work efficient, and relationships meaningful.