Credit Rating B++

AM Best

June 2026

The ratings reflect Ilaf Takaful’s 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).

The balance sheet strength is supported by the company’s conservative investment strategy and good levels of liquidity. An offsetting factor to the balance sheet strength assessment is the company’s small capital base, which increases the risk of volatility.

Ilaf Takaful has demonstrated a track record of sound operating performance, reporting a good balance of earnings between its policyholders’ and shareholders’ funds in recent years.