Watania Takaful CAREER: APPLY NOW FOR THE LATEST VACANCIES
Watania International Holding PJSC is a leading investment holding company focused on strengthening the future of Shari’ah-compliant financial services and Takaful across the United Arab Emirates and the wider region. Listed on the Dubai Financial Market under the ticker symbol WATANIA, the company has evolved from a successful Takaful operator into a diversified holding organization with a long-term investment strategy centered on sustainable growth, innovation, and value creation.
The transformation of Watania International Holding reflects a carefully planned corporate journey marked by strategic acquisitions, successful mergers, and a commitment to adapting to the changing landscape of Islamic financial services. Today, the organization plays a significant role in supporting the development of the regional Takaful sector through its investments and wholly owned operating companies.
A Strong Foundation
The company’s origins date back to 2008, when it was established under the name Dar Al Takaful PJSC. A commercial license was issued on 23 July 2008, followed by the successful acquisition of a UAE Takaful license during the same year. Commercial operations officially commenced on 1 September 2008, marking the beginning of a business dedicated to providing Shari’ah-compliant insurance solutions.
During its early years, Dar Al Takaful steadily expanded its customer base while building a reputation for financial discipline, ethical business practices, and service excellence. Consistent operational performance allowed the company to strengthen its market position and establish itself as a respected participant within the UAE’s growing Islamic insurance industry.
Strategic Expansion
A major milestone was achieved in 2020 through the acquisition of Noor Takaful, one of the recognized providers of Takaful services in the UAE. This strategic acquisition significantly enhanced business capabilities, expanded the customer portfolio, and increased market presence across multiple insurance segments.
The integration of Noor Takaful also strengthened operational efficiency by bringing together experienced professionals, complementary expertise, and an expanded range of Shari’ah-compliant insurance products. This transaction demonstrated a clear commitment to long-term growth while positioning the company for future opportunities within the Islamic financial services sector.
Creating One of the UAE’s Largest Takaful Groups
Another defining chapter began in July 2022 with the merger between National Takaful Company (Watania) and Dar Al Takaful. The successful combination of these two respected organizations created one of the largest Takaful entities operating within the United Arab Emirates.
The merger represented far more than an increase in business scale. It combined decades of industry knowledge, experienced leadership, broader customer reach, and stronger financial capabilities into a unified organization capable of delivering greater value to policyholders and stakeholders.
The enlarged platform created new opportunities for operational efficiencies, product innovation, digital transformation, and sustainable long-term development within the highly competitive Takaful market.
Transformation into an Investment Holding Company
March 2023 marked a significant turning point in the company’s corporate evolution. Dar Al Takaful PJSC officially adopted the new name Watania International Holding PJSC, reflecting a broader strategic vision that extended beyond insurance operations.
This rebranding was accompanied by an important organizational restructuring. The company’s insurance license was cancelled as part of the transition into a dedicated investment holding company. The decision enabled greater flexibility to pursue strategic investments aligned with the principles of Islamic finance while supporting the long-term development of the Takaful industry.
Rather than directly conducting insurance operations, the holding company assumed responsibility for guiding investment strategy, corporate governance, capital allocation, and sustainable expansion across its portfolio of businesses.
Operating Companies
Following the restructuring, Takaful operations continued through two wholly owned subsidiaries:
- Watania Takaful General
- Watania Takaful Family
These specialized operating companies continue to provide comprehensive Shari’ah-compliant insurance solutions while benefiting from the strategic oversight and financial strength of Watania International Holding.
This structure enables each subsidiary to focus on operational excellence, customer service, and product development while the holding company concentrates on investment opportunities, strategic planning, and regional expansion.
Investment Philosophy
Watania International Holding follows a disciplined investment approach focused on creating sustainable value through Shari’ah-compliant opportunities. Investment decisions are guided by sound governance, prudent financial management, and careful evaluation of long-term market potential.
The organization actively seeks opportunities capable of strengthening the Islamic financial services ecosystem while generating consistent returns for shareholders. Strategic investments are selected based on financial strength, growth potential, operational excellence, and alignment with ethical business principles.
This investment philosophy supports portfolio diversification while contributing to the continued advancement of Islamic finance throughout the region.
Corporate Governance
Strong governance remains central to the company’s long-term success. Transparent decision-making, regulatory compliance, accountability, and responsible management practices form the foundation of corporate operations.
A structured governance framework supports effective risk management, strategic planning, financial oversight, and stakeholder confidence. Continuous adherence to high ethical standards reinforces the company’s reputation within financial markets and among investment partners.
Growth Strategy
Future expansion is driven by a long-term vision focused on strengthening market leadership within the Islamic financial services sector. Strategic priorities include identifying high-quality investment opportunities, supporting subsidiary growth, enhancing operational efficiencies, and expanding participation across regional markets.
The organization also continues to evaluate emerging opportunities within Takaful services, financial technology, investment management, and other complementary sectors that align with Shari’ah principles and long-term value creation.
This forward-looking strategy positions the company to respond effectively to evolving market conditions while maintaining financial resilience and sustainable performance.
Vision
Watania International Holding PJSC aspires to become a leading regional investment holding company recognized for advancing Islamic financial services through responsible investments, strategic partnerships, and long-term value creation.
The organization is committed to supporting innovation, strengthening the Takaful industry, and contributing to the sustainable development of financial markets across the United Arab Emirates and the wider region.
Looking Ahead
The evolution from Dar Al Takaful to Watania International Holding represents more than a corporate name change. It reflects a carefully executed transformation designed to create a stronger platform for future growth. Beginning as a Takaful provider in 2008, expanding through strategic acquisitions and mergers, and ultimately transitioning into a specialized investment holding company, each stage has strengthened the organization’s ability to create lasting value.
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Today, Watania International Holding continues to build upon this foundation by supporting its operating companies, pursuing Shari’ah-compliant investment opportunities, and contributing to the continued growth of the Islamic financial services sector. With disciplined leadership, a clear strategic direction, and a commitment to excellence, the company remains well positioned to shape the future of Takaful and ethical financial services throughout the region.
Future Talent Internship Program
Internship Opportunities:
- Underwriting
- Claims
- Operations
- Technical Functions
- Internal Audit
- Information Technology (IT)
- Human Resources
- Finance
- Compliance
- Shari’ah
- Customer Experience
What You’ll Gain:
- Hands-on industry experience
- Mentorship from professionals
- Takaful & Insurance exposure
- Technical & professional development
Eligibility & Duration:
- Students & Fresh Graduates
- 3 & 6-Month Internship Placements
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