Currently listed on the Dubai Financial Market and identified by the trading symbol WATANIA, the organization now known as Watania International Holding PJSC (WIH) represents a significant evolution in the UAE’s Islamic financial landscape. Historically recognized as Dar Al Takaful PJSC, this entity serves as a central pillar in the regional Shari’ah-compliant insurance sector. The foundation of the enterprise dates back to the summer of 2008, specifically when the commercial license was granted on July 23. Following this regulatory approval, formal business activities were initiated on the first day of September 2008, marking the beginning of a journey that would see the company transform from a niche player into a dominant market force.The trajectory of the company has been defined by bold strategic acquisitions and large-scale consolidations. A primary turning point occurred in 2020, a year that saw Dar Al Takaful successfully finalize the acquisition of Noor Takaful. This particular move was more than just an expansion of assets; it was a deliberate effort to diversify the service portfolio and enhance the brand’s influence across various market segments. The momentum of growth continued into mid-2022. In July of that year, a landmark merger was executed between the National Takaful Company, popularly known as Watania, and Dar Al Takaful. This amalgamation resulted in the birth of one of the most formidable Takaful organizations within the United Arab Emirates, characterized by a truly nationwide reach and a massive combined customer base. By March 2023, the leadership pursued a radical structural transformation to better align with long-term investment goals. During this period, Dar Al Takaful underwent a comprehensive rebranding process, officially adopting the name Watania International Holding PJSC. This change was not merely a cosmetic update to the corporate letterhead; it signaled a profound shift in the fundamental business model. To facilitate this new direction, the company made the strategic choice to surrender its primary insurance license. This specific legal action transitioned the organization from a direct provider of Takaful products into an investment holding company. The primary objective of this new structure is to identify and nurture high-growth opportunities within the Shari’ah-compliant financial services and Takaful sectors, both domestically and across the wider region.

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As a result of this 2023 restructuring, the holding company serves as the umbrella for two specialized, wholly-owned operating subsidiaries: Watania Takaful General PJSC and Watania Takaful Family PJSC. While the parent company focuses on investment strategy and capital allocation, these subsidiaries remain the functional engines of the group, delivering essential insurance solutions to the public. These divisions are positioned to capitalize on significant growth prospects within the UAE market, leveraging the established reputation and operational excellence inherited from the merger of the original founding entities. The operational philosophy of both Watania Takaful General and Watania Takaful Family is rooted deeply in the ethical and moral guidelines of Islamic Shari’ah. Every product offered and every claim processed is managed in strict accordance with these religious principles. Furthermore, the companies operate under the rigorous regulatory framework established by UAE Federal Law No. 6 of 2007. This legislation governs the activities of Takaful providers and agents, ensuring that transparency, fairness, and legal compliance remain at the forefront of all business dealings. The internal governance of these subsidiaries is further reinforced by their respective Memorandums and Articles of Association, which dictate the limits and responsibilities of the management teams. To ensure that every transaction and strategic decision adheres to the highest standards of Islamic finance, the organization maintains a robust oversight mechanism. This includes the dedicated support of a highly skilled Internal Senior Shari’ah Vice President, whose deep knowledge provides daily guidance on complex financial matters. Beyond internal staff, the company’s activities are scrutinized by an Internal Islamic Shari’ah Supervision Committee (ISSC). This committee consists of distinguished Islamic scholars who are widely respected for their expertise in modern financial jurisprudence. The presence of this committee ensures that the “Watania” brand remains synonymous with integrity and religious compliance, providing peace of mind to policyholders who seek financial security that aligns with their faith.

The transformation into Watania International Holding reflects a modern approach to corporate management in the Gulf region. By separating investment activities from day-to-day insurance operations, the group has created a streamlined architecture designed for scalability. The 2023 license cancellation for the holding company was a calculated step to allow for more flexible capital deployment into diverse Shari’ah-compliant ventures. Meanwhile, the operational subsidiaries continue to hold the necessary licenses to serve the general public and corporate clients, maintaining the legacy of the original Dar Al Takaful and National Takaful Company brands. Through this series of mergers and the eventual pivot to a holding company structure, the entity has successfully navigated the complexities of the UAE financial market. From its humble beginnings in 2008 to its current status as a leading investment vehicle, the journey of Watania International Holding highlights a commitment to excellence and a forward-thinking perspective on the future of Islamic finance. The company stands today as a testament to the power of strategic consolidation and the enduring relevance of Takaful principles in a rapidly changing global economy.

INTERNSHIP PROGRAMS

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

How to Apply

📧 Send your CV to: talent@watania.ae

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