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Takaful Holders   Takaful Operator   Retakaful Operator




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                                  Board of Directors



                                  Saleh J. Malaikah
                                  Vice Chairman &
                                        CEO


 Imran Haider             Khalid Matein      Mohammed Ashraf       Ighassan Davids
Chief Financial          Chief Investment      Chief Internal      Chief Information
    Officer                   Officer            Auditor                Officer




BEST RE           SALAMA         SOSAR            ESIH
                                                                IAIC      SALAMA
 Tunisia           Algeria       Senegal          Egypt
                                                                KSA         UAE




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Geographical          Organic
 Expansion            Growth




             Group
           Strategy




Consolidation         Synergy




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Countries for future expansion   15
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Key Takaful Growth Regions




                                                                                              Europe
                                                                                              Middle East & North
                                                                                              Africa
                                                                                              Asia / Southeast Asia




Note: Countries with a significant Muslim Population
Source: MEED, International Cooperative and Mutual Insurance Federation – ICMIF, CIA World Fact book



                                                                                                                      19
Region           Country      Gross Premium in USD m              % Total
                                                                            2006
                              2004     2005     2006 Est   2004    2005       Est
Africa           Egypt          2.5       3.0       4.0    0.1%    0.1%     0.1%
                 Mauritania     0.4       0.4       0.4    0.0%    0.0%     0.0%
                 Senegal        6.0       5.9       7.0    0.2%    0.1%     0.2%
                 Sudan        112.0     171.6     203.1    3.2%    3.9%     4.6%
Sub-Total                     120.8     180.9     214.5    3.4%    4.1%     4.8%
East Indian
Sub- continent   Bangladesh     3.1       3.5       4.2    0.1%    0.1%     0.1%
                 Pakistan        -        0.1       0.2    0.0%    0.0%     0.0%
                 Sri Lanka      2.4       4.2       6.8    0.1%    0.1%     0.2%
Sub-Total                       5.4       7.8      11.2    0.2%    0.2%     0.3%




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Region      Country                     GWP in USD m                      % Total
                                2004        2005       2006 est   2004    2005      2006 Est
Far East    Brunei               22.5       27.0         30.0     0.6%    0.6%       0.7%
            Indonesia            73.5       74.2         80.1     2.1%    1.7%       1.8%
            Malaysia            338.7      405.4        522.8     9.5%    9.1%       11.8%
            Singapore              -         0.1           0.1    0.0%    0.0%       0.0%
            Thailand             28.7       30.0         32.4     0.8%    0.7%       0.7%
Sub-Total                       474.3      552.4        687.8     13.4%   12.4%      15.5%
GCC         Bahrain              14.5       15.0         33.7     0.4%    0.3%       0.8%
            Kuwait               53.6       82.9         90.0     1.5%    1.9%       2.0%
            Qatar                24.7       33.6         50.0     0.7%    0.8%       1.1%
            Saudi Arabia        646.8      755.6        831.2     18.2%   17.0%      18.7%
            UAE                  30.6       41.5         65.0     0.9%    0.9%       1.5%
                    Sub-Total   770.2      928.6       1,069.9    21.7%   20.9%      24.1%




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Region                   Country
                                             GWP in USD m                   % Total
                                                                                      2006
                                    2004         2005    2006 Est   2004    2005       Est

Levant                   Jordan       12.9        14.5       17.3   0.4%    0.3%      0.4%
                         Lebanon        -          4.0        4.8   0.0%    0.1%      0.1%
                         Yemen         0.8         1.0        1.5   0.0%    0.0%      0.0%
Sub-Total                             13.7        19.5       23.6   0.4%    0.4%      0.5%
Middle East (Non Arab)    Iran     2,163.8     2,750.0   3,685.0    61.0%   61.9%     83.0%
Sub-Total                          2,163.8     2,750.0   3,685.0    61.0%   61.9%     83.0%

Grand Total                        3,548.3     4,439.2   5,692.0    100%    100%      100%




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                                Global Takaful / Islamic
USD Millions        Gross Contribution Income by region 2004 - 2006


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   5,000


                                                     8


   4,000
                                                                          3,685.0

                          5


   3,000                                       2,750.0



                        2,163.8
                                               `

   2,000                                                                    24
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                                                                           1070
                          14
                                                   929
   1,000                 770

                                                   552                      688
                          474


                        120.8                      180.9                  214.5
        0
                        2004                       2005                 2006 est


   Af rica   Far East      GCC    Levant   Middle East (Non Arab)   East Indian Sub-Continent




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                         World 554.8

                                       Muslim World
 United Kingdom        6,466.7   Qatar         683.5
 Ireland               5,564.7   UAE           585.4
 Switzerland           5,561.9   Malaysia      292.2
 Denmark               4,271.4   Kuwait        227.2
 France                4,075.4   Lebanon       181.5




Source: Sigma 4/2007
                                              Non Life
                        World 224.2

                                      Muslim World
  Switzerland          2,450.1   Qatar        652.6
  United States        2,134.2   UAE          495.6
  Luxembourg           1,817.9   Kuwait       186.3
  Netherlands          1,757.3   Lebanon      123.6
  Canada               1,504.3   Oman         119.4




Source: Sigma 4/2007
                                                 Life
                         World 330.6

                                       Muslim World
 United Kingdom        5,139.6   Malaysia      189.2
 Ireland               4,203.8   UAE           89.8
 Switzerland           3,111.8   Lebanon       57.9
 France                2,922.5   Kuwait        40.9
 Finland               2,903.1   Qatar         30.9




Source: Sigma 4/2007
                  Top Five            Muslim World
   United Kingdom        16.50%   Malaysia    4.90%
   South Africa          16.00%   Lebanon     3.00%
   Taiwan                14.50%   Morocco     2.90%
   South Korea           11.10%   Jordan      2.40%
   Switzerland           11.00%   Tunisia     2.00%




Source: Sigma 4/2007
                                             Non Life



                  Top Five           Muslim World
   Switzerland           4.90%   Jordan      2.20%
   United States         4.80%   Morocco     2.10%
   Netherlands           4.30%   Lebanon     2.00%
   Slovenia              4.00%   Tunisia     1.80%
   Canada                3.90%   Angola      1.70%
                                 Malaysia    1.70%


Source: Sigma 4/2007
                                              Life



               Top Five            Muslim World
United Kingdom         13.10%   Malaysia    3.20%
South Africa           13.00%   Lebanon     0.90%
Taiwan                 11.60%   Indonesia   0.80%
Hong Kong               9.20%   Morocco     0.80%
Japan                   8.30%   Bangadesh   0.40%




Source: Sigma 4/2007
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