{"id":26507,"date":"2026-06-25T21:25:00","date_gmt":"2026-06-25T19:25:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=5c838bf0b02bd493910f401dbb006310"},"modified":"2026-06-25T21:25:00","modified_gmt":"2026-06-25T19:25:00","slug":"am-best-assigns-credit-ratings-to-ilaf-takaful-insurance-company-k-s-c-closed","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=26507","title":{"rendered":"AM Best Assigns Credit Ratings to Ilaf Takaful Insurance Company K.S.C. (Closed)"},"content":{"rendered":"

LONDON--(BUSINESS WIRE)--#insurance<\/a>--AM Best<\/b> has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of \u201cbbb\u201d (Good) to Ilaf Takaful Insurance Company K.S.C. (Closed) (ILAF Takaful) (Kuwait). The outlook assigned to these Credit Ratings (ratings) is stable.<\/p><\/a><\/a>

\nThe ratings reflect ILAF Takaful\u2019s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).<\/p>

\nAM Best assesses ILAF Takaful\u2019s risk-adjusted capitalisation on a combined basis, including its policyholders\u2019 and shareholders\u2019 fund, due to the requirement that the shareholders\u2019 fund has to support the policyholders\u2019 fund.<\/p>

\nILAF Takaful\u2019s balance sheet strength assessment is underpinned by its risk-adjusted capitalisation at the strongest level, as measured by Best\u2019s Capital Adequacy Ratio (BCAR). AM Best expects prospective risk-adjusted capitalisation to remain comfortably at the strongest level. The balance sheet strength is supported further by the company\u2019s conservative investment strategy and good levels of liquidity. An offsetting factor to the balance sheet strength assessment is the company\u2019s small capital base, which increases the risk of volatility.<\/p>

\nILAF Takaful has demonstrated a track record of sound operating performance, reporting a good balance of earnings between its policyholders\u2019 and shareholders\u2019 funds in recent years. Since 2023, the company has continued to report a surplus in its policyholders\u2019 fund. Underwriting performance has been a leading driver of overall profitability, with a four-year (2022-2025) weighted average net-net combined ratio of 88%. Whilst ILAF Takaful has seen some volatility on individual lines of business, the company has demonstrated its underwriting control and selection to quickly remediate loss making business.<\/p>

\nILAF Takaful maintains a niche position as a small takaful company operating within Kuwait\u2019s insurance market. Whilst premiums are concentrated geographically, diversification is generated by product offering. The company\u2019s business profile benefits from its affiliation with its ultimate parent, Fouad Alghanim & Sons Group of Companies Holding W.L.L., where it derives around 50% of its written premium.<\/p>

\nAM Best views ILAF Takaful\u2019s risk capabilities as appropriate relative to the size and complexity of its operations. AM Best expects the company will develop its ERM framework over the near to medium term with the help of external consultants.<\/p>

\nThis press release relates to Credit Ratings that have been published on AM Best\u2019s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best\u2019s <\/b>Recent Rating Activity<\/b><\/a> web page. For additional information regarding the use and limitations of Credit Rating opinions, please view <\/b>Guide to Best\u2019s Credit Ratings<\/b><\/a>. For information on the proper use of Best\u2019s Credit Ratings, Best\u2019s Performance Assessments, Best\u2019s Preliminary Credit Assessments and AM Best press releases, please view <\/b>Guide to Proper Use of Best\u2019s Ratings & Assessments<\/b><\/a>.<\/b><\/p>

\nAM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit <\/b>www.ambest.com<\/b><\/a>.<\/b><\/p>

\nCopyright \u00a9 2026 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p> Contacts<\/b>

\nEmily Thompson<\/b>Senior Financial Analyst<\/b>+44 20 7397 0291<\/b>emily.thompson@ambest.com<\/a><\/p>

\nMahesh Mistry<\/b>Senior Director, Analytics<\/b>+44 20 7397 0325<\/b>mahesh.mistry@ambest.com<\/a><\/p>

\nChristopher Sharkey<\/b>Associate Director, Public Relations<\/b>+1 908 882 2310<\/b>christopher.sharkey@ambest.com<\/a><\/p>

\nAl Slavin<\/b>Senior Public Relations Specialist<\/b>+1 908 882 2318<\/b>al.slavin@ambest.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

LONDON–(BUSINESS WIRE)–#insurance–AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of \u201cbbb\u201d (Good) to Ilaf Takaful Insurance Company K.S.C. (Closed) (ILAF Takaful) (Kuwait). The outlook assigned to …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26507","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/26507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26507"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/26507\/revisions"}],"predecessor-version":[{"id":26508,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/26507\/revisions\/26508"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}