Title :

Amendment in the Wakala Fees Percentage for Health Takaful (Medical Line of Business)

Content :

6^th August 2026

 

 

After Compliment,

 

 

Subject: Amendment in the Wakala Fees Percentage for Health Takaful (Medical Line of Business)

 

 

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

 

Wakala Fees:

 

Al Madina Insurance Company SAOG operating as the Wakeel of the Participants’Takaful Fund have decided to reduce the Wakala Fee for the Health Takaful business from 20% to 10% of Gross Written Contributions, effective 6 August 2026.

 

 

 

 

 

Regards,

 

 

 

 

 

Al Madina Insurance Company SAOG.