Tamkeen Insurance celebrates opening of Jabal Al Nar branch

Tamkeen Insurance celebrates opening of Jabal Al Nar branch

Under the patronage of the Governor of Nablus, Major General Ramadan, with the participation of a group of legal persons

Nablus - Under the patronage and presence of the Governor of Nablus Governorate, Major General Ibrahim Ramadan, Tamkeen Palestine Insurance Company celebrated the opening of its branch in Nablus "Jabal Al Nar" with the participation of the Director General of the Palestine Capital Market Authority (PCMA) Mr. Buraq Al Nabulsi, Chairman of Nablus Chamber of Commerce and Industry Mr. Omar Hashim, the mayor of Nablus Mr. Adly Yaish, the Chairman of the Board of Directors of the Company Dr. Majid Atta Al Helo, the General Manager of the Board of Directors Mr. Mohammed Al Rimawi, the Member of the Sharia Supervisory Board Dr. Jamal Al-Kilani , A number of members of its board of directors and executive management, in addition to a group of businessmen, representatives of the Chamber of Commerce, the forum of businessmen and legal persons in the governorate.

Ramadan Confirmed, the importance of the role played by Tamkeen Insurance on the economic level, pointing out that its keenness to spread and presence in various governorates, is a sign of its deep commitment to the community, and as a premeditation to success and excellence.

In addition, he pointed out that the company represents a model in the investment business, calling on other private sector bodies to follow.

For his part, Nabulsi congratulated "Tamkeen" company, launching its activities and opening branches in most of the provinces, explaining that Tamkeen's license came in line with a study carried out by the Authority three years ago, and highlighted that the insurance market did not reach the stage of saturation, and that there is a need for an additional Islamic insurance company.

Moreover, he pointed out that Tamkeen's share in the insurance market, despite a relatively short period of time to start its activity, is remarkable by all standards and is expected to increase its market share during the coming period.

And he reviewed some of the Authority's efforts to upgrade the insurance sector, which focused on its growing economic standing.

For his part, Hashem considered that Tamkeen represents a qualitative addition to the insurance sector in view of the need for its services in accordance with sharia law, moreover he pointed to the Chamber's support for various innovative economic initiatives that contribute to creating more jobs.

And he considered the opening of the new branch as a model for investment work, and the company's commitment to demonstrating its presence strongly in various governorates, especially Nablus, which has a very important economic position.

Yaish noted, to the vitality of the contribution to enhancing competitiveness in the insurance sector and serving the community.

Moreover, he pointed out that despite the difficult challenges imposed on the Palestinian people, it is necessary to unite and push the development and investment in Palestine, noting that there are many prospects for work in Nablus.

Al Helo said that the company is looking forward to achieving a success story in the Palestinian insurance market. Within a few months, the company has completed its founding plans regarding the completion of legal requirements by the Capital Market Authority and other official sectors, Services through more than 12 points of sale, through a network of branches and offices, and agents deployed in the West Bank and Gaza Strip.

In addition, he praised to all those who contributed to the achievement achieved by the company, stressing that the aspirations of the Board and its executive management will not stop at the limit, and praised the company's management and staff and dedication to serve the company and the public of the insured, pointing out that the company represents a model of partnership between the Palestinian Pension Agency, and the Establishment of Manage and Development Orphans Funds, and therefore part of the proceeds will return to this important segment.

Al-Kilani provide, an explanation on the legalization of Islamic insurance and its mechanisms, pointing to the growing volume globally, until the total transactions globally last year about 20 billion dollars.

Moreover He focused on the advantages of Islamic insurance and its success in attracting large numbers of individuals and companies, as it differs from traditional "commercial" insurance. It is based on two separate "funds", the first for shareholders and the second for the policyholders, two of which are run separately from each other.

Al-Rimawi pointed out that the company is committed to applying best practices in the field of insurance by benefiting from modern technology and employing it to serve this objective in accordance with Islamic Sharia law, in addition to the commitment of the executive management of the company to quickly respond and compensate by adopting specific internal performance indicators for the relevant departments to achieve this commitment, stressing that the credibility of insurance companies reflected the extent of their ability to implement this promise.

During the ceremony, the company honored the elite of the personalities who contributed to its founding operations, in the forefront of them General Manager, employees of the company, and representatives of a number of companies and institutions, in addition to Nabulsi, in recognition of their role and sponsorship to establish the company and launch its insurance services.