SALAMA
0.891 AED
-0.45%
Today
+0.11%
1D
Market is closed
Sun
Closed
Mon
9:01 AM ~ 1:45 PM
Tue
9:01 AM ~ 1:45 PM
Wed
9:01 AM ~ 1:45 PM
Thu
9:01 AM ~ 1:45 PM
Fri
9:01 AM ~ 1:45 PM
Sat
Closed
Information
Name
Islamic Arab Insurance
Currency
AED
Standard Leverage
1X
Market Cap
720.76M
Avg Daily Volume
7.61M
52 Week High
0.928 AED
52 Week Low
0.372 AED
Trading Hours
See hours
Business Summary
Islamic Arab Insurance Co. (Salama) PJSC, together with its subsidiaries, provides a range of general, family, health, and auto takaful solutions in Africa and Asia. The company offers family takaful solutions, including whole life, term, savings, and investment plans; auto takaful products comprising comprehensive car insurance, third party car insurance, and fleet insurance; and general takaful solutions, such as fire and allied perils, property all risk, and business interruption plan insurance products. It also provides engineering insurance products covering erection all risks, contractor's all risks, electronic equipment, contractor plant and machinery, deterioration of stock, machinery loss of profits, and machinery breakdown insurance; marine cargo, hull and machinery, and yacht and boat insurance products; workman compensation, and employer's and public liability insurance products; money, fidelity guarantee, banker's blanket cover, and individual and group personal accident insurance products; and travel insurance products. In addition, the company offers individual and group health plans, as well as reinsurance products. Islamic Arab Insurance Co. (Salama) PJSC was founded in 1979 and is headquartered in Dubai, the United Arab Emirates.
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Frequently Asked Questions
What are financial stocks?
Financial stocks include companies like banks, insurance firms, investment services, and fintechs. They play a critical role in the economy by facilitating credit, investment, and wealth management.
How do interest rates affect financial stocks?
Financials often benefit from rising interest rates, which can increase net interest margins for banks and improve profitability.
Why are financials important in a trading portfolio?
Financial stocks can offer strong dividends, sector stability, and exposure to macroeconomic trends like interest rate policy and GDP growth.
What risks are associated with financial sector investing?
Regulatory changes, credit risk, economic downturns, and interest rate volatility can all impact financial companies' earnings and stock prices.
