Official name
Sukoon Takaful
DFM · SUKOONTAKAFL
Sukoon Takaful
- Research depth
- Detailed review in preparation
- Sector lens
- Financial services and insurance
- Reporting context
- H1 2026 reviewed; FY2025 audited; solvency latest 31 March 2026 unaudited
Company overview
- Exchange
- DFM
- Ticker
- SUKOONTAKAFL
- ISIN
- AEA001401016
- Market identifier code (MIC)
- XDFM
- Stable research ID
- DFM-SUKOONTAKAFL
- Industry evidence
- Composite general, medical and family takaful
- Instrument type
- Listed equity
- Research status
- Detailed review in preparation
- Latest financial period
- H1 2026 reviewed; FY2025 audited; solvency latest 31 March 2026 unaudited
- Identity evidence checked
- 2026-08-11
- Identity checked
- Identity revalidation is due; this dated record is not proof of current listing status
- Listing lifecycle
- Primary active route confirmedA dated identity record does not prove the current listing state after its verification date.
Issuer participationProfile foundation available
Sukoon Takaful · What the issuer can provide
- business and research review
- current identity confirmation
Why this company is in the directory
Coverage follows a reconciled listed-security identity and dated evidence. Inclusion describes research scope only; it is not a ranking, recommendation or claim of complete financial coverage.
- Identity reconciliation
- Exchange and ticker matched the research registry
- Current public research layer
- Company profile published · detailed review in preparation
- Evidence boundary
- Identity record checked: 2026-08-11
Company evidence map
Open a card to inspect its public evidence. Missing, stale, conflicting or unavailable data is never replaced with an estimate.
Identity-only public coverage; no completed research review is claimed.Stale
Open the Company BriefListed-security identity
Revalidation is due; the dated record is not proof of current listing status.
Checked: 2026-08-11→AvailableIssuer profile
Verified public issuer fields are available.
→AvailableSource documents
3 source documents are linked to public facts.
→MissingCompany activity
No linked activity currently passes every public source-document check.
→AvailableOfficial sources
A rights-reviewed official identity source is linked.
→Public identity dossier
Verified listing identity
The fields below come from the current public company registry and any human-published issuer profile. Empty issuer-contact fields stay visibly missing until source and publication-rights review are complete.
- Official listed name
- Sukoon Takaful Available
- Exchange
- DFM Available
- MIC
- XDFM Available
- Ticker
- SUKOONTAKAFL Available
- ISIN
- AEA001401016 Available
- Instrument
- Listed equity Available
- Sector
- Financial services and insurance Available
- Industry
- Composite general, medical and family takaful Available
- Identity checked
- 2026-08-11 Available
- Official website
- Missing Missing
- Investor relations
- Missing Missing
- Registered address
- Missing Missing
- Public contacts
- Missing Missing
Company activity context
Only exact-security, human-published activity that passes every public source-document check can appear here.
No linked update currently passes every public gate.
Open the full chronologyPublic identity passport
Required identity fields are shown individually with their evidence state. A public link is not reuse permission, and a blank is never converted to a guess.
Ticker
SUKOONTAKAFL
Exchange and MIC
DFM · XDFM
ISIN
AEA001401016
Instrument type
Listed equity
Sector and industry
Financial services and insurance · Composite general, medical and family takaful
Listing status
Primary active route confirmed
Official website
Not available in the public evidence layer
Investor relations
Not available in the public evidence layer
Registered address
Not available in the public evidence layer
Public email
Not available in the public evidence layer
Public phone
Not available in the public evidence layer
Business description
Not available in the public evidence layer
Verified issuer profile
A verified public issuer profile has not been published yet.
Business model
Sukoon Takaful is a listed equity on DFM under ticker SUKOONTAKAFL. Public classification: Financial services and insurance. Use this card to verify the issuer through its official profile, disclosures and sector metrics; it does not attribute unverified products, assets or projects to the company.
Sukoon Takaful: a listed company that is already inside two other sets of accounts
Add this company to its parent and you have counted it twice
Sukoon Insurance owns 94.6576% of Sukoon Takaful and consolidates it in full, so the AED248.839m of takaful revenue reported here for 2025 is already sitting inside the AED6,389.447m the parent reported for the same year. Only 5.3424%, spread across 66 other shareholders, is outside the parent's numbers. And the parent is itself 64.7637% owned by Mashreq Bank, which consolidates Sukoon in turn, so a single dirham of contribution written in Dubai appears in three separate sets of listed accounts. Anyone building a sector total from DFM filings is adding the same business to itself.
The equity that looks repaired has already absorbed AED164m
Gross Qard - the interest-free loan the shareholder fund makes to the participant fund when participants run a deficit - was AED47.902m in 2021, AED88.879m in 2022, AED159.125m in 2023, AED164.254m in 2024 and AED164.406m in 2025, then AED163.757m at June 2026. It is fully provided and carried at nil. Against accounting equity that balance is 71.69% at the year end and 67.33% at the half year. The participant deficit that created it has largely stopped growing - the annual figures run negative AED9.502m, negative AED40.977m, negative AED70.246m, negative AED5.129m and negative AED0.152m, with a AED0.648m surplus in the half year - but a smaller current deficit is not a repayment, and the AED164m already handed over remains written off inside the reported book value.
Three names, two standards and one change of owner in five years
Under the old contribution presentation 2021 showed profit of AED6.438m, assets of AED488.926m and equity of AED309.751m. Original 2022 showed a loss of AED29.965m, assets of AED462.492m and equity of AED251.574m; restated, the same year reads negative AED30.677m, AED460.826m and AED251.448m. Then came a loss of AED76.530m on assets of AED372.935m and equity of AED175.321m in 2023, profit of AED18.987m on AED429.774m and AED194.800m in 2024, and profit of AED35.309m on AED586.295m and AED229.335m in 2025. Sukoon Insurance took 93.04% during 2023 and a further 1.57% in 2024; the company was still called Arabian Scandinavian Insurance Company - Takaful - ASCANA until the name changed on 14 June 2024. It was incorporated in 1978, holds Central Bank licence number 6 dated 15 December 1984 and has share capital of AED154,000,000.
A 31.99% margin that no conventional insurer would recognise
Takaful revenue of AED248.839m produced AED132.125m before retakaful in 2025, and after a net retakaful expense of AED52.513m the service result was AED79.612m - a margin of 31.99%. The half year ran AED152.018m, AED72.208m, AED29.836m and AED42.372m, a margin of 27.87%. That number is far above anything a conventional motor and medical book earns because the participants, not the shareholder, carry the claims; the shareholder's share arrives as a wakala fee, 25.58% of gross written contributions in 2025 within a contractual band of 5% to 30%, plus a mudarib share of investment returns. Retakaful took 39.74% and 41.32% of the pre-retakaful result. Retakaful assets equalled 29.08% of takaful liabilities at the year end and 25.88% at June, and no operator behind them is named.
Capital measured three ways, dated March, printed in a June report
At 31 March 2026 basic own funds of AED208.002m covered a minimum capital requirement of AED100m by 208.00%, a solvency capital requirement of AED57.213m by 363.56% and a minimum guarantee fund of AED39.964m by 520.47%, against a 100% floor on each. Three coverage percentages, three different denominators, and the highest of them says the least about risk. The June position was not finalised, so the March figures are what the half-year filing carries, and the 2025 annual report likewise fell back on a September date. Shareholder investment income supplied 42.28% of pre-Qard income for the year and 51.59% for the half. Operating cash flow of AED74.718m and AED42.990m looks strong until the takaful liability movement is separated out: AED40.528m of the half-year figure, or 94.27%. EY signed an unmodified 2025 opinion; the general meeting approved no distribution at all.
Where the Sukoon Takaful record ends
There is no conventional combined, loss or expense ratio, no reserve development, no named retakaful operator with a rating, no plan or timetable for recovering the AED164m of Qard, no finalised June capital position and no investment portfolio breakdown in the verified package. With 67 shareholders in total, the practical tradability of the 5.3424% minority is untested. This page sets no value on the shares and recommends nothing.
Key reported figures
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Reporting Basis | IFRS4 | IFRS17_restated | IFRS17 | IFRS17 | IFRS17 |
| Takaful Revenue | 126.584 | 121.616 | 248.839 | ||
| Takaful Service Result | -41.772 | 34.288 | 79.612 | ||
| Service Margin Pct | 31.99 | ||||
| Participant Result | -9.502 | -40.977 | -70.246 | -5.129 | -0.152 |
| Shareholder Pre Qard Result | 15.94 | 10.3 | -6.284 | 25.974 | 41.225 |
| Qard Provision Charge | -9.502 | -40.977 | -70.246 | -5.129 | -0.152 |
| Profit Owners | 6.438 | -30.677 | -76.53 | 18.987 | 35.309 |
| Total Assets | 488.926 | 460.826 | 372.935 | 429.774 | 586.295 |
| Equity Total | 309.751 | 251.448 | 175.321 | 194.8 | 229.335 |
| Operating Cash Flow | -2.205 | -49.429 | -7.136 | 74.718 | |
| Gross Qard | 47.902 | 88.879 | 159.125 | 164.254 | 164.406 |
| Profit | -29.965 | ||||
| Equity | 251.574 | ||||
| Total Assets | 462.492 | ||||
| Gross Qard | 88.168 | ||||
| Operating Cash Flow | -8.938 | ||||
| Takaful Revenue | 152.018 | ||||
| Result Before Retakaful | 72.208 | ||||
| Net Retakaful Expense | 29.836 | ||||
| Takaful Service Result | 42.372 | ||||
| Service Margin Pct | 27.87 | ||||
| Profit Owners | 14.458 | ||||
| Operating Cash Flow | 42.99 | ||||
| Cfo From Liability Change | 40.528 | ||||
| Liability Change Share Of Cfo Pct | 94.27 | ||||
| Gross Qard | 163.757 | ||||
| Participant Surplus | 0.648 | ||||
| Fy2025 Result Before Retakaful | 132.125 | ||||
| Fy2025 Net Retakaful Expense | 52.513 | ||||
| Fy2025 Retakaful Drag Pct | 39.74 | ||||
| H1 2026 Retakaful Drag Pct | 41.32 | ||||
| Wakala Fee Share Of Gross Contributions Pct | 25.58 | ||||
| Wakala Contractual Range Pct | 5-30 | ||||
| Combined Ratio | |||||
| Loss Ratio | |||||
| Claims Development Triangle | |||||
| Fy2025 Retakaful Assets To Takaful Liabilities Pct | 29.08 | ||||
| H1 2026 Retakaful Assets To Takaful Liabilities Pct | 25.88 | ||||
| Retakaful Operators Named | |||||
| Shareholder Investment Income Share Of Fy2025 Pre Qard Pct | 42.28 | ||||
| Shareholder Investment Income Share Of H1 2026 Pre Qard Pct | 51.59 | ||||
| Portfolio Breakdown | |||||
| Fy2025 Gross | 164.406 | ||||
| H1 2026 Gross | 163.757 | ||||
| Provision | full | ||||
| Net Carrying Value | 0 | ||||
| Share Of Fy2025 Equity Pct | 71.69 | ||||
| Share Of H1 2026 Equity Pct | 67.33 | ||||
| Basic Own Funds | 208.002 | ||||
| Mcr | 100 | ||||
| Mcr Coverage Pct | 208 | ||||
| Scr | 57.213 | ||||
| Scr Coverage Pct | 363.56 | ||||
| Mgf | 39.964 | ||||
| Mgf Coverage Pct | 520.47 | ||||
| Regulatory Minimum Coverage Pct | 100 | ||||
| Gross Debt | |||||
| Cash | |||||
| Restricted Or Escrow | |||||
| Fy2025 | none approved at the general meeting | ||||
| Share Capital | 154 | ||||
| Incorporated | 1978 | ||||
| Licence | Central Bank of the UAE number 6 dated 15 December 1984 | ||||
| Sukoon Insurance Pct | 94.6576 | ||||
| Other Shareholders | 66 | ||||
| Other Shareholders Pct | 5.3424 | ||||
| Revenue Pct | |||||
| Assets Pct | |||||
| Profit Pct |
An empty cell means the issuer did not report a value for that field.
Physical assets
- gross Qard of AED164.406m at FY2025 and AED163.757m at June 2026, fully provided and carried at nil
Group entities
- Sukoon Insurance - parent, 94.6576%, separately listed on DFM and consolidating this company in full
- Mashreq Bank - controlling shareholder of the parent with 64.7637%, so these results roll up a second time
Geographic footprint
- United Arab Emirates - the entire book, written from Dubai and Abu Dhabi
How to read this insurer without mixing evidence
This layer defines the document questions for this exact listed entity. It publishes no premium, claim, reserve, solvency, valuation or performance value.
Takaful shareholder and participant-fund perimeter
- Keep shareholder fund, participant fund and any qard balance explicitly separate.
- Trace contributions, claims, reinsurance or retakaful and surplus under the issuer's disclosed model.
- Do not mix fund solvency, company capital and consolidated accounting results.
How to read this insurer's finances
Numerical values remain in the separate source-document checkHow the insurance engine works
Participants contribute to a risk fund managed under a Shariah-compliant model, while shareholders provide capital and may earn management or agency income. Participant and shareholder funds, qard, surplus and retakaful must stay separate.
Six questions behind the headline result
1. What business was written?
Written premium or takaful contributions show contracts originated during a period, not revenue already earned. Read product, geography, gross/net basis and contract duration before calling the movement growth.
2. What reached the income statement?
Insurance revenue under IFRS 17 follows service provided, while cash collection and written premium follow different timelines. Compare periods only after confirming the accounting transition, restatements and exact group perimeter.
3. What did insured events cost?
Connect incurred claims, claims paid, changes in liabilities and prior-year development. A quiet claims period can reverse later; a reserve release is not the same as stronger current underwriting.
4. What risk was transferred?
Read gross business, ceded premium or contributions, recoveries, counterparty exposure and net retained risk together. Reinsurance can reduce volatility but introduces cost, credit risk and renewal dependence.
5. What came from invested assets?
Insurers invest the float and shareholder capital. Separate recurring interest or sukuk income, dividends, fair-value movements, realised gains and currency effects from the insurance-service result.
6. Are reserves and capital adequate?
Insurance liabilities, available capital and regulatory solvency must share the same entity, date and official basis. Accounting equity, group cash and regulatory capital are related but not interchangeable.
Official-source snapshot
What the company does and where to verify it
A manually reviewed, paraphrased snapshot from issuer and official market records. Each field keeps its exact source and verification date.
No public snapshot has passed this separate review yet.
Official website, investor-relations, market-record and public contact fields remain unavailable here until their exact source, current value and reuse boundary are reviewed. Nothing is inferred from aggregators or another company.
Insurance analytical model
The metrics below define the correct analytical lens for this business model. They contain no company values: a value appears only after official-document provenance and editorial verification.
- Gross written premium
- Premium written by line and geography before reinsurance, for the stated reporting period.
- Combined ratio
- Claims and expense ratios on one disclosed accounting and earned-premium basis.
- Loss ratio
- Claims incurred relative to earned premium with gross, net and business-line scope preserved.
- Solvency
- Regulatory available capital relative to the required capital on the stated supervisory basis and date.
- Investment yield
- Investment income relative to the disclosed average portfolio, separated from underwriting performance.
What changed
Full company chronologyVerified company activity
Only exact-security activity that passes the automatic source, locator, date and localization gates is shown. Exceptions remain unpublished. Each date keeps its lifecycle meaning.
No linked activity currently passes every public source-document check.
Sources
Identity evidence
- Identity evidence
- Exchange-hosted evidence
- Identity record checked
- 2026-08-11
- Evidence host
- assets.dfm.ae
Research collections
This company appears in the dated public collections below. Membership describes coverage and evidence context; it is not a ranking or recommendation.
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