Loss of Profit and Business Interruption Insurance

Tamkeen Insurance Company offers special insurance against interruption of business and productive operations and provides coverage for damages caused by fire and associated risks that may occur to insured buildings and property that indemnify subscribers (policyholders) from incurring any material burdens due to business interruption due to fire and associated risks, subject to flexibility considerations in meeting special insurance needs.

The Company is committed to honoring its obligations towards subscribers (policyholders) and responding quickly and promptly after any incident, in a professional environment based on clarity and credibility to achieve its vision of creating an integrated partnership with subscribers. The Company is committed to its mission and corporate identity based on the full adoption of principles and standards of application of Islamic insurance compliant with the provisions of Islamic Sharia’a.

Insurance Coverage:

Under the Loss of Profit Insurance Program, the Company is committed to disbursement of reparations for damages and/or losses resulting from the following risks:

Loss of net profits due to decrease in sales and/or increase in operational costs caused by fire accident. For example, the company may offer coverage of the rent amount and/or risk of loss of income and revenues due to production breakdown and/or associated risks caused by the unsuitable nature of the insured work location.
Fire and associated risks are as follows:

Actual accidental combustion generating flame and heat for insured buildings and property.
Buildings fall, movement or cracking.
Strikes, Riots, Civil Commotions, and Malicious Damage (SRCC)
Earthquakes, volcanic eruptions, storms, natural disturbances and weather fluctuations.
Explosions, including explosion of pipes and steam appliances.
Natural wild fires or accidental ignitions of bushes and forests in the vicinity of insured buildings and properties.
Electric contact resulting in a flame or fire.
Forced robbery with violence.

Calculate the Value of Insurance Subscriptions (Premiums):

The value of insurance subscriptions (premiums) is calculated on the basis of the type of risk included in insurance coverage, nature of insured business, value of annual and standard sales, net profit rate, compensation validity period, and total insurable value (maximum limit of indemnity (

Insurance subscriptions (premiums) are calculated as a percentage per thousand of the total insurable value (maximum limit of indemnity (

Apply for this program