Allied Insurance Company’s Islamic Window, Ayady Takaful, has won the Gold Award in the Takaful Window or Unit of the Year category at the Islamic Finance Forum of South Asia (IFFSA) Awards for the fifth consecutive time.

The awards, held on 26 October and organised by Edu Consult of Sri Lanka, is an annual event recognising innovation in the field of Islamic finance in South Asia.

Ayady Takaful has a history of wins at the IFFSA awards. In addition to winning the ‘Takaful Window or Unit of the Year’ Gold Award in 2018, 2019, 2021, 2022 and now in 2023, Ayady’s ‘Hajj and Umrah Takaful’ won the Innovative Product of the Year award in 2017 while ‘Aharenge Hiyaa’ (My Shelter) won the Innovative Product of the Year Silver award in 2021.

Ayady Takaful is an Islamic Window initiated by Allied Insurance Company.

Allied Insurance Company of the Maldives, a prominent insurance brand in the country, is a subsidiary of State Trading Organisation PLC. Allied is led by Managing Director Mohamed Shafaz.