First Takaful Insurance Company - KPSC Overview
Pro stress-test →First Takaful Insurance Company is a Kuwait-based company primarily engaged in carrying out all types of insurance takaful activities (co-operative insurance) and related activities, including insurance and reinsurance, in accordance with Islamic Sharia principles. The company was established in 2000 as the first company licensed by the Ministry of Commerce to offer Takaful in Kuwait.
Strategic Profile
Pro stress-test →The company operates through two segments—Investment and Takaful insurance—with insurance policies covering motor, marine and aviation, fire and general accident, and life and medical insurance. The company provides its services only to the Kuwait market.
Competitive Landscape
Pro stress-test →First Takaful operates as a subsidiary of International Financial Advisors Holding KPSC. Key competitors in the Kuwaiti takaful market include conventional and Islamic insurers, though First Takaful maintains pioneer market advantage with established customer base and strong brand recognition in the Islamic insurance segment.
Industry Context
First Takaful Insurance Company - KPSC operates in Islamic Insurance (Takaful) and Reinsurance.
Key facts
Founded: 2000 · Headquarters: Kuwait City, Kuwait · Market cap: ~6.04B KWD