Mubasher: Abu Dhabi National Takaful achieved a surge of 70% in net profits to AED 30.3 million ($8.25 million) for the first half ended 30 June, 2016 as compared to AED 17.8 million ($4.85 million) over the same period during 2015, according to an issued statement.

The company’s underwriting profits amounted to AED 22.9 million ($6.23 million) in H1-16 versus AED 14.1 million ($3.84 million) in H1-15; a growth of 62% year-on-year.

“Gross Takaful Contributions for the period ended 30th June 2016 amounted to AED 168.5 million compared to AED 138.7 million for the period ended 30th June 2015 representing an increase of 21%,” the statement said.

Takaful recorded a growth in shareholder’s equity standing at  AED 256.2 million during the first half of 2016 as compared to AED 241.0 million in H1-15.

“We continue to maintain the trust of our shareholders and customers which reflects in the quality of our business. Our strong financial performance is a testimony to the successful business model we adopt as evidenced in our strategic growth pillars, besides the sound market credibility and financial strength that we continue to enjoy,” CEO of Takaful Osama Abdeen said.