Qatar Islamic Insurance Company
Doha-based takaful insurer listed on the Qatar Stock Exchange (QISI), writing personal and corporate cover on Islamic principles. It reported shareholders' net income of about QAR 153 million for 2025.
Industry: Takaful (Islamic) insurance | Location: Doha, Qatar | Founded: 1995
About Qatar Islamic Insurance Company
Qatar Islamic Insurance Company, which presents itself in its investor materials as Qatar Islamic Insurance Group, is a takaful insurer headquartered in Doha. Takaful is insurance run on Islamic principles. The company is listed on the Qatar Stock Exchange under the ticker QISI. Its Sharia Supervisory Board, headed by Dr. Waleed Mohammed Hadi, oversees its activities.
The company says it has operated since 1995. Its paid-up capital rose from 20 million to 150 million Qatari riyals through bonus shares only, and it has 150 million shares with a par value of one riyal. Ali Ibrahim Al-Abdulghani is group president; the board named him to that role in May 2019 in addition to his post as chief executive. Jamal Abdullah Al Jamal chairs the board, and Yasser Mohamed Al Amly is group chief financial officer.
Personal lines include motor, travel, boat and yacht, domestic maid, medical and home insurance. Corporate lines include energy, engineering, marine cargo and hull, fire and property, general accident, corporate liability, group life and group medical. Under its takaful model the shareholders' fund charges the policyholders' fund a wakala fee and a mudaraba fee, and policyholders share in the declared surplus. In 2025 takaful and health made up 49 percent of the portfolio, motor 27 percent and general accident 24 percent.
The company took part in the Qatar Rail projects and led the National Insurance Consortium on the owner-controlled insurance programme for the stadiums of the 2022 FIFA World Cup. Its reinsurance partners include Scor, Swiss Re, Starr, CCR and Axis. AM Best affirmed an A- (Excellent) financial strength rating with a stable outlook in May 2023. TechScoop lists it among the backers of the 4 million US dollar Series A round of the Qatari payments company SkipCash in 2026.
For 2025 the company reported shareholders' net income of about 153 million riyals, up from 128 million in 2024, on total revenues of 212 million riyals. Earnings per share were 1.02 riyals. On 25 August 2026 it announced a licence to open a branch in India.
Leadership
- Ali Ibrahim Al-Abdulghani, Group President and Chief Executive Officer
- Yasser Mohamed Al Amly, Group Chief Financial Officer
- Jamal Abdullah Al Jamal, Chairman
- Abdulrahman Abduljalil Al-Abdul Ghani, Deputy Chairman
- Khalid Mohamed Al Emadi, Board member
- Waleed Mohammed Hadi, Head of the Sharia Supervisory Board