Announcement

Al Madina Insurance Company S.A.O.G (Al Madina Takaful) would like to inform its customers the following:

The Wakala fees and Mudharaba percentage for the fiscal year ending 31/12/2015

Wakala Fees

AL Madina Insurance Company S.A.O.G operating as the Wakeel of the Policyholders Fund proposes to charge Wakala Fee on the Net Revenue of the Company. The aggregate Wakala fee for the year 2015 shall be 20% of the Gross Written Contribution for all contributors’ in general Takaful funds and Family Takaful funds.

Mudharaba percentage of the Company from the total investments of the contributors funds (policy holders)

Al Madina Insurance Company SAOG operating as the Mudharib of the Policyholders Fund will charge a Mudarib Fee of 70% of the net profits generated from the investment of the Policyholders Fund.

For more information, kindly visit the Company’s head office at Muscat Grand Mall, building No. (6), third floor. Or call us on phone: +968 22033888. You may also visit us at our website: (www.almadinatakaful.com) to view frequently asked questions (FAQ) on Takaful.