AlHuda CIBE celebrates 25 global institutions and leaders shaping the future of ethical and inclusive insurance.
(October 29, 2025 (Dubai – UAE)): AlHuda Centre of Islamic Banking and Economics (CIBE) proudly hosted the Global Takaful and Re-Takaful Awards 2025 in conjunction with the 7th Global Takaful and Re-Takaful Forum at the prestigious Dusit Thani Hotel, Dubai. The event celebrated the remarkable achievements and innovations shaping the global Islamic insurance landscape, bringing together key stakeholders, policymakers, and industry leaders from across the world.
This year’s ceremony recognized 25 distinguished institutions and individuals for their outstanding contributions to the development and expansion of Takaful and Re-Takaful. Among the honorees, Abu Dhabi National Takaful Co. PSC received the Pioneer of Takaful Excellence Award, while ABWAB Holdings L.L.C Founder and Chairman, Mr. Ali Jaber Al Ateya, was presented with the Visionary Founder and Chairman Award. Takaful Emarat – Insurance P.S.C was acknowledged as the Best Emerging Takaful Institution in the UAE, and Aafaq Islamic Finance, led by H.E. Abdul Jaleel Blouki, earned the Visionary Leader in Ethical Finance Award. Premier Bank & Trust and its CEO, Mr. Max Arena, were celebrated for Global Excellence in Financial Leadership, whereas Risk Exchange (DIFC) Ltd., under the leadership of Dr. Aftab Hasan, was named Best Global Re-Takaful Intermediary.
Further tributes included Emirates Insurance Federation for its Strategic Leadership in Islamic Insurance Development, while Property Time and its CEO, Mr. Binesh Babu, were honored with the Property Magazine Ambassador Award. CEO Clubs Network CEO, Mr. Tariq Nizami, received the Global Leadership Excellence Award, and ZIC Takaful Company Limited was recognized as the Best Emerging Takaful Institution in Zanzibar. Salam Takaful Insurance Limited from Nigeria and its Chairman, Mr. Muhammad Bashir Musbahu, received the Best Emerging Takaful Institution in Nigeria Award, while Fitch Ratings Ltd., represented by Mr. Bashar Al-Natoor, was named Best Rating Agency for Islamic Finance. LOLC Al-Falaah Takaful General of Sri Lanka was acknowledged for having the Best General Takaful Product.
Innovation and technology were also celebrated as Xen by ADNT, powered by Wellx, received the Most Innovative Digital Takaful Solution Award, while O Gold and its CEO, Mr. Ahmed Abdeltawab, were awarded for the Best Shariah-Compliant Gold Investment App. Mac & Ro Capital FZC, led by Mr. Angelo Rossi, was named Emerging Leader in Shariah-Compliant Gold Trading, and B4E Insurtech Inc., under Mr. Aman Pal Singh, received recognition for its Innovative AI-First Takaful Core Solution. Watania Takaful Family PJSC was presented with the Best Family Takaful Product Award, while Nyala Insurance S.C. was honored as the Best Micro Takaful Institution. Africa Retakaful Co. was awarded the Best Re-Takaful Company distinction. Ethiopian Reinsurance Share Company received the Best Re-Takaful Window Operation Award, and Oman Reinsurance Company SAOG was named Best Re-Takaful Provider. GIC Re South Africa Ltd. was commended for its Development of Re-Takaful Products in Africa, while Kenya Reinsurance Corporation Limited was recognized for Best Global Re-Takaful Window Operations.
Speaking at the ceremony, Mr. Muhammad Zubair Mughal, CEO of AlHuda CIBE, highlighted that the recognition of these trailblazing organizations reflects the growing maturity and innovation within the global Islamic insurance ecosystem. “These awards are more than just recognition—they are a testament to the collective effort driving ethical, sustainable, and inclusive financial systems globally,” he said. He also reaffirmed AlHuda CIBE’s continued commitment to promoting Takaful and Re-Takaful through Consultancy, capacity building, research, and international collaboration.
The Global Takaful and Re-Takaful Awards 2025 once again underscored Dubai’s role as a global hub for Islamic finance innovation. By celebrating excellence and fostering collaboration, AlHuda CIBE continues to inspire growth, leadership, and sustainability in the Takaful and Re-Takaful sectors worldwide.
About AlHuda CIBE:
AlHuda Center of Islamic Banking and Economics (CIBE) is a well-recognized name in Islamic banking and finance industry for research and provide state-of-the-art Advisory Consultancy and Education through various well-recognized modes viz. Islamic Financial Product Development, Shariah Advisory, Trainings Workshops, and Islamic Microfinance and Takaful Consultancies etc. side by side through our distinguished, generally acceptable and known Publications in Islamic Banking and Finance.
We are dedicated to serving the community as a unique institution, advisory and capacity building for the last twelve years. The prime goal has always been to remain stick to the commitments providing Services not only in UAE/Pakistan but all over the world. We have so far served in more than 104 countries for the development of Islamic Banking and Finance industry. For further Details about AlHuda CIBE, please visit: https://www.alhudacibe.com/
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