TAOI
The Management of Takaful Oman Insurance SAOG is pleased to announce the Unaudited Financial Statement for Third Quarter ended 30 September 2015. The following are the financial highlights (Amounts in RO):
Shareholders Account
|
|
Jan- Sep 2015 |
Jan- Sep 2014* |
| Wakala Fees |
1,936,077 |
55,029 |
| Profit on Deposits with Bank |
89,223 |
109,247 |
| Investment & Other Income |
28,313 |
--- |
| General and Administrative Expenses |
(953,005) |
(357,868) |
| Profit after Tax for the period |
1,100,608 |
(193,592) |
*Company started its operation during June 2014
Policyholders Account
|
|
Jan- Sep 2015 |
Jan- Sep 2014 |
| Gross Contribution |
5,531,650 |
157,225 |
| Takaful Revenue |
1,406,010 |
7,438 |
| Acquisition Costs (Net) |
(455,709) |
(10,072) |
| Wakala Fees |
(1,936,077) |
(55,029) |
| Surplus from Takaful Operations after Wakala Fees |
(985,776) |
(57,662) |
*Company started its operation during June 2014
The above Results are subject to review and approval by the Audit Committee and Board of the company.
Chief Executive Officer
