DUBAI – Takaful Emarat, the United Arab Emirates’ pioneering Shariah-compliant life and health insurance provider, has entered a significant strategic partnership with global consulting firm Deloitte to develop a comprehensive five-year growth blueprint. This collaboration responds to the surging market demand for digitally accessible Islamic insurance products throughout the UAE.
The partnership emerges as the Takaful sector undergoes substantial transformation, fueled by evolving consumer expectations, regulatory developments, and intensifying market competition. Takaful Emarat’s initiative aims to fortify its operational foundations while simultaneously enhancing policyholder experiences in an increasingly dynamic insurance environment.
The joint endeavor will concentrate on establishing strategic priorities across multiple critical domains: expansion and distribution networks, digital transformation initiatives, customer journey optimization, corporate governance frameworks, and long-term financial sustainability. The resulting roadmap is designed to bolster operational resilience, drive efficiency improvements, and generate sustained value for both policyholders and shareholders.
Adnan Saba El Aish, Chief Executive Officer of Takaful Emarat, characterized the partnership as “a pivotal advancement in reinforcing our long-term strategic vision. Collaborating with Deloitte enhances our execution capabilities, enables superior customer experiences, and positions us to effectively address the evolving requirements of the UAE’s Takaful marketplace.”
Board Member Hisham Hammoud emphasized the organization’s commitment to “building a resilient, well-governed enterprise positioned for sustainable growth while maintaining strict adherence to Shariah principles and stakeholder expectations.”
Deloitte representatives highlighted the growing consumer demand for Shariah-compliant life and health protection products coupled with expectations for seamless digital insurance experiences. Serkan Teker, Partner for Engineering, AI & Data at Deloitte Middle East, noted the engagement will strengthen Takaful Emarat’s operational model and technological infrastructure to facilitate efficient scaling and integrated service delivery.
Ahmed Shah, Partner for Strategy and Transactions at Deloitte Middle East, observed that the UAE’s Takaful sector is entering a critical phase where strategic discipline and execution excellence are paramount. The collaboration will focus on developing the capabilities, governance structures, and commercial acumen necessary to effectively compete in the expanding market for trusted Islamic insurance solutions.