Our Shari'ah Committee members are as follows:
1-Prof. Saad Eldin Helaly (Chairman of the Committee)
Head of Comparative Jurisprudence, Faculty of Sharia and Law at Al-Azhar University
2- Sheikh. Khaled algendy (Member)
Islamic scholar and member of the Supreme Council for Islamic Affairs
3- Prof. said Abdel-Mottaleb (Member)
Former Section Head of the Insurance department in El Azhar University
Wethaq Takaful Insurance – Egypt registered at The Egyptian Financial Supervisory Authority (EFSA) on December 2007 under NO. 23/2007 as an Egyptian joint stock company subject to the provisions of the law NO. 10/1981, commercial register NO.36274, The Company has begun to engage in activity as of 2008, as an insurance company to carry on all types of Takaful insurance covering property and casualty.
Wethaq Takaful Insurance – Egypt was founded in 2007 with an authorized capital of 200 million Egyptian pounds and issued capital of 60 million Egyptian pounds and paid capital of 30 million Egyptian pounds.
In 2018, Capital increased to 150 million Egyptian pounds.
In 2019, Capital increased to 190 million Egyptian pounds.
Founders and major shareholders:
1- ADEEM Investment & Wealth Management Co. (Kuwait) Percentage 39.9%
2- A group of businessmen Percentage 60.1%
The Shari'ah Supervisory Committee is comprised of:
Wethaq Takaful Insurance – Egypt works in accordance with the provisions of Islamic Shari'ah law, under the supervision and control of legitimate Sharia Committee.