Wethaq Takaful Insurance Company K.S.C.P. Overview
Pro stress-test →Wethaq Takaful Insurance Company was established in 2000 as the first national Takaful company in the State of Kuwait. The company is engaged in the provision of co-operative insurance and reinsurance products and services in accordance with the Islamic Sharia. Wethaq operates as one of the leading names in the Takaful insurance sector.
Strategic Profile
Pro stress-test →The company's core business activities are categorized into two key segments - Investment and Takaful Insurance, with the majority of its revenue derived from the Investment segment. Its product portfolio comprises motor insurance, fire and property, construction and engineering, liabilities, health and life, financial, marine, and aviation insurance.
Competitive Landscape
Pro stress-test →Wethaq operates in Kuwait's takaful insurance market alongside regional competitors including Gulf Insurance Group and international insurers. The company's first-mover status in Kuwait's Islamic insurance segment provides brand strength, though it competes against larger regional and multinational insurance providers offering similar or broader product portfolios.
Industry Context
Wethaq Takaful Insurance Company K.S.C.P. operates in Takaful Insurance / Islamic Cooperative Insurance.
Key facts
Founded: 2000 · Headquarters: Kuwait City, Kuwait · Employees: 64 · Revenue: $1.42M · Market cap: $38.1M