About Nile Takaful

Nile Takaful Establishment:

Nile Takaful was established in 2008 as a private Joint Venture arrangement, resulting into creation of two separate companies known as Nile General Takaful (NGT) and Nile Family Takaful (NFT).

Board of Directors:

Nile General Takaful:

• Mr. Ahmed El Khayat                     Chairman
  
• Mr. Mohamed El Dishish               Managing Director
• Mrs. Sahar Farahat                        Member
• Mr. Ashraf Gohar                            Member
• Mr. Ajmal Bhatty                             Member
• Mr. Abdul RafiqueJeddavi            Member
• Mr.Hisato Hamada                         Member

Nile Family Takaful:

• Mr. Mohamed El Dishish              Chairman
  
• Mr. Adam Manaf                             Managing Director
• Mrs. Sahar Farahat                        Member
• Mr. Ashraf Gohar                            Member
• Mr. Ajmal Bhatty                             Member
• Mr. Hany Azzam                              Member
• Mr.Hisato Hamada                         Member

Shareholders:

The ownership of both Companies lies in the hands of two well known and respected business entities Egypt Kuwait Holding Company with 60% ownership and Tokio Marine Group with 40% ownership.

• Egypt Kuwait Holding Company (EKH), a name that commands great respect regionally. Their involvement provides the know-how as well as in-depth market intelligence and cultural insights. EKH It is considered one of the largest and fastest growing private equity holding firm in the Middle East and Africa, with an authorized capital of USD 500 million and a subscribed and paid-up capital of USD 191 million. The company has a diversified portfolio of investments in the fertilizers, energy, manufacturing, insurance and information technology sectors.
  
  
• Tokio Marine Group, a world renowned leader in insurance, reinsurance, Takaful and Re-Takaful. It has more than 130 years in insurance experience and is the largest general insurer in Japan. will contribute a wealth of experience and expertise with global perspective to Nile Takaful's operations
  

Takaful History:

1. The first Takaful operator was established by the Sudanese in 1979.

2. The Government of Malaysia enacted The Takaful Act in 1984 and established it first Takaful Operator the same year. Section 2 of the Malaysian Takaful Act defines Takaful as “a scheme based on brotherhood, solidarity and mutual assistance for mutual financial aid to the participants in case of need whereby the participants mutually agree to contribute for that purpose………..”.