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Insurance Companies

The RAK has a diverse insurance sector, with both conventional and Takaful insurance companies providing choice for customers. The insurance department of the RAKFA underpins a vibrant conventional banking sector.

Types of license

Conventional Insurance Companies

To maintain a robust regulatory environment and to support a diverse economy across many sectors, the RAKFA licenses all conventional insurance companies that operate in the RAK.

Takaful Insurance Companies

To deliver a world-class Islamic insurance system, our licensing services help to provide fully Shari’ah-compliant insurance across a variety of sectors.

Apply for a license

For more information

If you have any questions, related to financial licensing, please contact us directly. 

Call Us

+971 2 691 5555

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10th Floor , Customs Building, Electricity Road – Ras Al-Khaimah – United Arab Emirates