El Amana Takaful, second takaful insurer licensed in Tunisia

El Amana Takaful started operations late October 2013. It is the second islamic insurer, after Zitouna Takaful, to obtain license on the Tunisian market. The new company is endowed with a capital worth 10 million TND (6 million USD) and detained at 60% by a Tunisian insurance pool comprising CARTE, COMAR, Astrée and Tunis Re.

The groups Dallah Al Baraka and Al Baraka Bank Bahrain detain 34% of the capital while the remaining 6% have been underwritten by the industrial group Mzabi. El Amana Takaful, whose general manager is Abdellatif Chaabane, is selling life and non-life policies.