T
akaful Oman has corporate social
responsibility (CSR) at its core.
A pioneer of Takaful services in
Oman, the company follows the
sharia principles of mutual cooperation.
Takaful Oman had initiated a number of
activities which included working withunderprivileged sections of the society,
environmental groups and working to
develop SMEs.“We worked with Dar Al Atta during
Ramadan for contributing towards
upliftment of the needy in a meaningfulLENDING A
HELPING HAND
Takaful Oman’s CSR initiatives are focussed on
ameliorating the situation of the underprivilegedin the society, working with environmental
groups, developing SMEs and creating awareness
on Islamic finance
way,” says O G Ravishankar, CEO,
Takaful Oman. “We sponsored events
where the proceeds were given to the
Oman Cancer Association. We did a
number of medical camps during the
year where free test and other services
were provided. The initiatives are in
line with Sharia principles of mutual
cooperation.”He adds, “During the last two years,
we along with our other partners
have been carrying out “Knowledge
Road shows” across Oman to explain
and introduce Islamic finance and
investments. This includes banking,
investments and Takaful insurance. We
want people in the interior to be part of
the development. We want to make sure
that our products reach all sections of
the society.”In addition, Takaful Oman partnered to
deploy 18 recycle bins at Sultan Qaboos
University, Indian School Muscat,
Dolphin Village to name a few. This
is an initiative to contribute towards
keeping the city clean by recycling
paper waste.Contribution to SMEs
Takaful Oman has been encouraging
SMEs in line with His Majesty’s vision.
The company has more than 30 agents
across Oman which are owned and
operated by SMEs. “We are proud of
the fact that a number of them have
taken support from SME fund. At
Takaful Oman we help them to set up
operations. We have been encouraged
by the response we received when
we started this in 2015. We think that
going forward with the support of our
regulators we will further be able to
expand and develop this segment,”
concludes Ravishankar.Takaful Oman Insurance Company
is an MSM-listed Takaful Insurance
Company, providing Sharia’a-compliant
family takaful and general takaful in
the Sultanate of Oman. It commenced
commercial operations with a formal
launch in June 2014 and is a full-fledged
Takaful provider in Oman.O G Ravishankar
CFO & General Manager, Takaful Oman