About Us




GIG Egypt Life Takaful was established in 2006 as the first joint Takaful Insurance Company registered under the Insurance Companies’ Registry number 22 for 2007.

The company’s shareholders include the most prestigious banks in Egypt with Gulf Insurance Group being the major shareholder.

GIG Egypt Life Takaful is regulated by The Egyptian Financial Regulatory Authority (FRA) and a Shariaa Supervisory Committee.

At present time GIG Egypt Life Takaful is only operating in Egypt, however, it has wide geographical distribution nationwide.





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Passion for brilliance


Takaful Concept


Takaful Definition


Objective of Takaful


An alternative to the concept of insurance is the Islamic doctrine of Al-Takaful, as adopted by the Islamic operators today. This is because insurance may have a place in Shariaa, if it is approved by Shariaa practices based on shared responsibilities, mutual cooperation, and solidarity to safeguard one against a defined risk.



Takaful provides customers with protection and security for themselves and for their families. Its main objective is to diversify the risk among the members. In Takaful the risk is shared mutually by the members of the common Takaful Fund under the Takaful scheme (Risk sharing).


The principles of Takaful


Contributions paid by the Policyholders to the company are directed as donations to the Takaful Fund. They are then invested in Shariaa compliant investment vehicles.

At the end of each fiscal year, the balance of this fund is determined and accordingly the following takes place:

  • In case of surplus in the Takaful Fund, the surplus is distributed between the company and the Policyholder according to the rules laid down by the Governing Council in this regard.
  • In case of deficit in the Takaful Fund, the shareholders will grant the Fund an interest free loan repaid from the fund surpluses in the future years.
Uncertainty is eliminated concerning subscription and compensation. It does not derive advantage at the cost of others.



  We are invested in;
    1. Providing Rewarding Experiences to Customers.
    2. Building Loyalty with Employees.
    3. Creating Value for Stakeholders.
    4. Serving the Community as a Committed Citizen.




To be and maintain a leading position in the insurance protection & saving markets in Egypt. Aiming to be the most admired insurance brand in the country.




Board of Directors


Raafat El Salamony

Chairman - GIG Egypt Life Takaful Company


  Holds a bachelor degree of Commerce from Alexandria University with wide experience in the insurance sector. Mr. El Salamouny started working in 1988 in GIG as a Finance Manager till he reached the post of the Deputy General Manager. He is also board member in various companies, such as: Buruj Cooperative Insurance – Saudi Arabia, Arab Misr Insurance Group – Egypt, and Fajr El Gulf Insurance and Reinsurance Company – Lebanon.  


Alaa El Zohairy

Vice Chairman - GIG Egypt Life Takaful Company



Rabih Fayez Abdel-Khalek

Managing Director - GIG Egypt Life Takaful Company


Holds a bachelor degree of Business Administration from Sadat Academy Egypt, in addition to a Diploma in Insurance Sciences, Cairo University. Currently, Mr. El Zohairy is the Managing Director of GIG Egypt. Prior joining to GIG Egypt, he was the Operations Manager for ACE Insurance Company, the Engineering Insurance sector Manager for Suez Canal Insurance Company and the Reinsurance Specialist for Misr Insurance Company. Mr. El Zohairy is also a member in board of directors in the Egyptian Insurance Union and in the Arab Orient Insurance Company – Jordan.



Currently Managing Director at GIG Egypt Life Takaful, has extensive insurance experience for more than three decades, during which he held leadership positions including, regional director of accident and health insurance and regional manager of investment-linked insurance funds for the Europe region Middle East and Africa, Vice Chairman and Managing Director of MetLife Alico - Egypt between 2006 and 2014.
He also held the position of Managing Director and CEO of MetLife, American International Group and Arab National Bank for Cooperative Insurance in Saudi Arabia, in January 2018.





The Egyptian Financial Regulatory Authority (FRA)


  The Egyptian Financial Regulatory Authority (FRA), is a public Authority having a legal status, established in accordance to law 10 of the year 2009.

FRA is responsible for supervising and regulating non-banking financial markets and instruments, including the Capital Market and the Stock Exchange. In addition to all activities related to Insurance Services, Mortgages, Financial Leasing, Factoring, and Securitization.

FRA's role is to regulate the market and ensure its stability and competitiveness to attract more local and foreign investments.


The Shariaa Supervisory Committee


  The Shariaa Supervisory Committee has specific responsibilities for monitoring the activities of our Company to ensure that we abide with Shariaa principles. Their role includes reviewing all appropriate contracts and agreements relating to the group's transactions confirming compliance with Shariaa principles. The Committee currently comprises three of the world's most renowned and respected scholars on Islamic Shariaa:  


Dr. Nasr Farid Wasel


  He is the Chairman of the Board of rights and reform, the former Grand Mufti of Egypt from 1996 to 2002. He is a Professor of graduate studies and the Head of the comparative jurisprudence Department at the College of Shariaa and law at Al Azhar University in Cairo, and was assigned to the post of the Head of the Faculty of Shariaa and law in Daqahlia Governorate in 1995. He published over twenty books and scientific papers and studies in Islamic law and jurisprudence.  


Dr. Ali Gomaa


  He is an Egyptian Islamic scholar, jurist, and public figure. He specializes in Islamic Legal Theory. He follows the Shafi`i school of Islamic jurisprudence and the Ash'ari school of tenets of faith. He served as the eighteenth Grand Mufti of Egypt (2003-2013) of the Egyptian Islamic Legislation. He is one of the internationally most respected Islamic jurists according to a 2008 U.S. News & World Report "a highly promoted champion of moderate Islam", gender equality, and an "object of hatred among Islamists" according to The New Yorker.  

Dr. Refaat El Awaady



He is the Head of the Economics department in El Azhar University. He is also the Academic Advisor of the International Institute of Islamic thought in Cairo and the Director of the Scientific Signs in the Quran and Sunnah Office in Egypt. He holds bachelor degree in Economics from the El Azhar University in Cairo and he was the first professor to hold a Master degree in the Islamic Economics in Egypt, he also holds a PHD in Economics.  He published so many books in the Islamic Economics.


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Member of Gulf Insurance Group


Head Office: Eastern Tower, Plot No. 204, Second Sector, North 90th St., Fifth Settlement, New Cairo, Cairo, Egypt

  16825 - 24138700           info@giglt.com.eg