AL BARAKA INSURANCE
Date of Establishment: 2022
Al Baraka Insurance
In the heart of Ramallah, the year 2022 witnessed the birth of a shining star in the insurance sector, carrying with it new ambition and a renewed vision — Al Baraka Islamic Insurance Company. Founded by a group of distinguished entrepreneurs and leading companies in the field of insurance, it brought together long-standing expertise and strong skills to establish an institution on solid foundations and sound principles. With a capital of USD 6,000,000, the company laid the cornerstone for a strategic enterprise that meets customer aspirations and strives for sustainability in its services.
What makes Al Baraka stand out is not only its name, but the very meaning of “Baraka” (blessing). It goes beyond a mere title to become embodied in the company’s services and relationships with clients. Excellence and innovation define the company: it has gone beyond being just another insurance provider by embracing modern technology through the Insurtech concept, making it the first of its kind in Palestine. The company has also focused on introducing innovative insurance programs that cater to diverse customer needs, including agricultural insurance in response to the nature of the national economy.
What particularly distinguishes Al Baraka is its commitment to Islamic laws and regulations. The company is founded on Sharia principles, serving as a bridge between innovation and adherence to religious values. In this context, Al Baraka takes pride in its highly qualified team, whose expertise of over 30 years combines tradition with modern perspectives, offering clients a unique insurance experience built on both trust and innovation.
In conclusion, Al Baraka stands as a symbol of excellence in the world of insurance, blending clear vision, advanced expertise, and a strong commitment to the highest standards, making it one of the leading companies in Palestine and the region.
Board of Directors
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Mr. Awadallah Awad – Chairman of the Board
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Mr. Yaqoub Qersh – Board Member
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Mr. Jawad Obeidat – Board Member
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Mr. Ibrahim Abdo – Board Member
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Mr. Ahmed Awad – Board Member
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Mr. Jamal Nammour – Board Member
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Mr. Jamal Hammad – Board Member
Services Offered
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Motor Insurance
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Travel Insurance
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Comprehensive Home Insurance
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Health Insurance
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Engineering Insurance
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Marine Insurance
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Agricultural Insurance
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Workers’ Compensation Insurance
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Contractors’ All Risks Insurance
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Elevator Liability Insurance
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Contractors’ Machinery & Equipment Insurance
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General Liability Insurance
Branches and Offices
6 branches, 6 offices