Damaan Islamic Insurance Company, trading as Beema, is a Qatar Central Bank licensed takaful operator founded in 2009 by Qatar Islamic Bank, Qatar Insurance Company, AlRayan Bank, Barwa Real Estate and QInvest, listed on the Qatar Stock Exchange since 16 January 2023 under the ticker BEMA. Its 2025 financial statements disclose the economics a buyer should know: a wakala fee of 30% of gross contributions, a mudarib share of 70% of investment returns, a QAR 9.56 million surplus distribution for 2024 and a 7% distribution proposed for 2025, paid only to policyholders who made no claim. It sells motor, life, home, travel and group medical takaful, prices life at QAR 120 a year, and leaves motor quote-only. This review assesses whether to buy or renew. For the model itself, start with our takaful versus insurance explainer.
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Who founded Beema and who runs it
Beema's company overview states that it is a Qatari public shareholding company established in 2009, based in Lusail City, operating under Qatar Central Bank licence 13/2009 with commercial registration 43652. Its FY2025 investor presentation lists the founders and their stakes: Qatar Islamic Bank 18.75%, Qatar Insurance Company 18.75%, Barwa Real Estate 15%, AlRayan Bank 15%, QInvest 7.5%, with 25% held by other shareholders. Share capital is QAR 200 million across 200 million shares, and market capitalisation at 31 December 2025 was QAR 895 million. Our Beema provider profile describes it as the operator Qatar's Islamic financial establishment built for itself, and the board confirms it.
The chairman is Sheikh Jassim bin Hamad bin Jassim bin Jaber Al Thani, who also chairs QIB, and the board includes Anand Dorai and Tarek Yousef Fawzi, QIB's general managers for personal and wholesale banking. The chief executive is Nasser Rashid Al-Misnad. The Sharia Supervisory Board listed on the same page is Sheikh Dr Waleed Bin Hadi, Dr Abdul Aziz El Qassar and Dr Abdul Rahman Al Saadi, the first two of whom also sit on QIIB's and AlRayan's boards. Moody's assigns an insurance financial strength rating of A3, in place since March 2021, and AM Best a financial strength rating of A-, awarded in April 2023 and affirmed in 2025.
How Beema's wakala fee, mudarib share and surplus actually work
Beema runs a wakala and mudarabah hybrid, with policyholder funds kept in a separate account from shareholder funds. Note 19 of the 2025 financial statements states that the wakala fee is provided to shareholders at 30% of gross contributions for the year, unchanged from 2024, and that fee totalled QAR 147.7 million in 2025 against QAR 110.8 million in 2024. The company overview explains that Beema invests policyholder funds as mudarib for a share of the resulting profit fixed annually by the Sharia Supervisory Board, and that the share rose from 60% to 70% from 1 July 2023; the mudarib share in 2025 was QAR 20.0 million. Both numbers go to shareholders before any surplus is computed.
The surplus is what is left in the policyholders' account after claims, re-takaful contributions, reserves and the wakala fee. The 2025 statements record a policyholders' surplus for the year of QAR 11.76 million, down from QAR 19.33 million in 2024, and a board-approved distribution of QAR 9,562,818 for 2024 following QAR 8,823,490 for 2023. For 2025 the board has proposed a 7% distribution, subject to the general assembly. The surplus is allocated pro rata to contributions, and only to policyholders who incurred no claims during the financial year, so a motor policyholder who claimed gets nothing back that year. Our takaful surplus explainer sets this against QIIC's record, and the overview adds that on liquidation any remaining policyholder funds go to charity under the Sharia board's supervision, not to shareholders.
| Item (Beema 2025 statements and presentation) | Figure |
|---|---|
| Wakala fee rate | 30% of gross contributions (2024: 30%) |
| Wakala fees received by shareholders, 2025 | QAR 147.7 million |
| Mudarib share of investment profit | 70% since 1 July 2023 (was 60%) |
| Policyholders' surplus for 2025 | QAR 11.76 million (2024: QAR 19.33 million) |
| Surplus distributed for 2024 | QAR 9,562,818 |
| Proposed distribution for 2025 | 7%, subject to AGM approval |
| Recognised takaful contributions, 2025 | QAR 605.2 million, up 28.3% |
| Shareholders' net profit, 2025 | QAR 96 million, up 13% |
The half-year 2026 presentation shows the trend continuing: contributions of QAR 325.2 million in the first half, up 26.8%, shareholders' net profit of QAR 61.5 million, equity of QAR 626 million and an investment base above QAR 1 billion. The contribution mix was 42% takaful and medical (group medical and group credit life), 28% motor, 27% fire and general accident and 3% marine and aviation. Beema is a group-medical and motor business first, and that shapes what a retail buyer gets.
Motor takaful: two policies, four add-ons, quote-only price
The motor page sells two products. Third-party liability is the compulsory cover, described as unlimited and extending to bodily injury of passengers including the driver, and it pays nothing for your own car. Comprehensive cover indemnifies damage to the insured vehicle on paved roads within Qatar. The add-ons are the useful part: agency repair with no depreciation on spare parts, excluding tyres and batteries; a replacement car for up to 14 days at QR 100 a day while repairs run; an off-road extension for non-metalled roads that still excludes sand dunes; and 24-hour roadside assistance on 44810400 covering minor mechanical adjustments, battery boosting, fuel delivery, flat tyres and towing.
There is no published premium. You call 44050555 with the vehicle details, Beema quotes over the phone and sends a payment link by SMS or email, and the policy arrives by email on payment; renewals run through beema-online.com, and door-to-door and office payment in cash or by card are offered. That is the same quote-only position as QIIC and Shamel. Our motor takaful versus conventional insurance comparison explains what to ask about excess, agency repair years and total loss thresholds, none of which the Beema page states. If you are financing the car, remember the bank may place the takaful for you; our car financing hub covers how that cost lands.
Life takaful: QAR 120 a year for QAR 50,000
Beema's individual life page is the most precisely priced retail takaful product in Qatar. The annual contribution is QR 120. The sum assured is QR 50,000 for natural death and QR 100,000 for accidental death, with disability paid on a scale in the policy, covering total and permanent and permanent partial disability. Anyone aged 18 to 65 can be covered, the policy is annual and non-transferable, a pro-rata refund is available if you leave Qatar with no claims, and a lapsed residence permit or a sponsor dispute does not void cover. Death benefits are paid to the named beneficiary within five working days of complete documents, with evidence attested in the home country or at its embassy in Doha.
For a low-income resident wanting a defined payout for the family, that is hard to beat at the price, and it is a true takaful contract. It is not a savings plan: there is no investment element, no maturity value and the sum is fixed. A saver wanting a long-term family takaful plan should compare QIIC's Aman, which our life takaful comparison sets against Beema line by line.
Medical, home and travel: what is sold to whom
Beema's medical business is group cover. The group health page describes a single-premium employer policy with a network of hospitals, medical centres, clinics and pharmacies accessed by health card, covering medically necessary treatment inside and outside Qatar under the policy terms. There is no individual medical plan on the retail menu, so a family that wants its own cover should look at our medical takaful comparison for the operators that sell one. Beema's presentation credits the mandatory medical insurance for visitors scheme as a growth driver, which is why group and visitor medical is now its largest segment.
Home takaful covers loss and damage to the insured home including fire, theft, earthquake and water damage, with contents cover explained on the page but no stated sums or excess. Travel takaful is described in terms of medical expenses, delays, cancellation, lost luggage and lost passports, again without a schedule of limits. Both are quote-only through the same call centre and online channel. The retail menu also includes domestic help accident, pleasure craft and caravan cover.
How a claim runs at Beema
The claims page sets out four stages, file your claim, review, estimates and repairs, payment, and three channels: the call centre on +974 4405 0555, WhatsApp on +974 7405 0555, email at info@beema.com.qa, and an online claim form. The page does not publish a document checklist, a settlement timeframe for motor, or an escalation ladder, so the useful specifics come from the product pages: the five-working-day life payout and the 14-day replacement car limit. Beema runs a salvage auction site for written-off vehicles, which is a sign of a sizeable motor claims book.
- Obtain the police report first; no Qatari insurer will open a motor claim without it
- Have the policy number, istimara, driving licence and photographs ready before you call or message
- Ask at the first call whether your policy carries the agency repair add-on, since without it the repairer may be a non-agency workshop
- For a life claim, ask which attestation the embassy or home authority must provide, because the five-day clock starts only when documents are complete
- If a claim stalls, the external route is the Qatar Central Bank's customer protection function, which supervises insurers
Beema against QIIC, Alkhaleej, General Takaful and Shamel
| Operator | Disclosed fee and surplus position | Digital purchase |
|---|---|---|
| Beema | 30% wakala, 70% mudarib share, 7% proposed for 2025, non-claimants only | Phone quote, online payment and renewal |
| QIIC | Surplus declared every year since 1995, 15% advertised; see its review | Quote-only, WhatsApp claims |
| General Takaful | 20% wakala fee that also absorbs administration, per our profile | Check its site; not fetched for this review |
| Alkhaleej Takaful | Richest retail features, weaker policyholder fund history, per our profile | Check its site; not fetched for this review |
| Shamel (Doha Takaful) | Doha Insurance Group's Islamic arm, renamed May 2025, per our profile | Check its site; not fetched for this review |
On fees, Beema's 30% wakala is higher than General Takaful's disclosed 20%, and its 70% mudarib share is a large slice of investment return. On surplus, QIIC has the longer public record, and our QIIC review documents it. Beema's advantages are the audited transparency of its numbers, the strength of its ratings and its shareholders, and the QAR 120 life product. The figures for the three other rivals come from our provider profiles rather than pages fetched for this article, so verify them before relying on them.
Verdict: who should buy from Beema
A car owner who wants agency repair without depreciation and a courtesy car should get a Beema comprehensive quote with those two add-ons and set it beside QIIC's Gold tier; Beema's surplus only reaches you if you make no claim that year, so weigh the quoted premium, not the surplus, as the price. A resident on a modest income who wants a defined death benefit for family at home should buy Beema's QR 120 life policy and name the beneficiary carefully; it is the clearest value in Qatari retail takaful. An employer choosing a group medical operator will find Beema's network and scale credible, and should ask for the claims settlement statistics the website does not publish.
A family seeking individual medical cover, or a long-term saver seeking a family takaful plan with a maturity value, should look elsewhere, because Beema does not sell either to individuals on its retail menu. Anyone deciding between takaful and a conventional policy should read the contract difference first and then come back to the operator choice. Facts checked against beema.com.qa on 24 September 2026.
Frequently asked questions
Who owns Beema insurance in Qatar?
Beema's FY2025 investor presentation lists its founders and stakes: Qatar Islamic Bank 18.75%, Qatar Insurance Company 18.75%, Barwa Real Estate 15%, AlRayan Bank 15% and QInvest 7.5%, with 25% held by other shareholders following the January 2023 listing on the Qatar Stock Exchange. Its chairman, Sheikh Jassim bin Hamad bin Jassim bin Jaber Al Thani, also chairs QIB.
Is Beema really takaful or just an insurer with an Islamic name?
It is takaful by constitution and by accounts. Its articles require cooperative insurance under Shariah, policyholder and shareholder funds are kept in separate accounts, shareholders are paid a 30% wakala fee and a 70% mudarib share rather than owning the premiums, surplus is returned to non-claiming policyholders, and on liquidation policyholder funds go to charity. A three-member Sharia Supervisory Board chaired by Sheikh Dr Waleed Bin Hadi oversees it.
How much does Beema car insurance cost?
Beema does not publish motor premiums. You call 44050555 with the vehicle details, the call centre quotes, and a payment link follows by SMS or email; renewals run through beema-online.com. Ask the quote to show the base premium, the agency repair add-on, the replacement car add-on at QR 100 a day for up to 14 days, and the off-road extension separately, plus the excess.
Does Beema pay a surplus to policyholders?
Yes, when there is one. The 2025 financial statements record a QAR 9,562,818 distribution approved for 2024 and a 7% distribution proposed for 2025, subject to the general assembly. Surplus is shared pro rata to contributions among policyholders who made no claim in the year, after claims, reserves, re-takaful and the 30% wakala fee have been deducted. The 2025 surplus itself was QAR 11.76 million, down from QAR 19.33 million.
What does Beema life takaful cover for QR 120?
The individual life policy pays QR 50,000 on natural death and QR 100,000 on accidental death, with disability benefits on a policy scale, for anyone aged 18 to 65, for an annual contribution of QR 120. It is annual, non-transferable, refundable pro rata if you leave Qatar with no claims, and the death benefit is paid to the named beneficiary within five working days of complete, attested documents.
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How do I make a claim with Beema?
Call +974 4405 0555, message WhatsApp +974 7405 0555, email info@beema.com.qa or use the online form. The process runs file, review, estimates and repairs, payment. For motor, obtain the police report first and have the policy number, registration card, licence and photographs ready. The site does not publish settlement times for motor claims; it does commit to five working days on life claims once documents are complete.
