Business insurance · United Arab Emirates · Head-to-head
Salama (Islamic Arab Insurance) vs Sukoon Insurance
Two United Arab Emirates business insurance options, compared side by side for United Arab Emirates trades.
Which should you choose?
Salama (Islamic Arab Insurance) and Sukoon Insurance are both Tier A, which every business insurance entry without a reputation warning receives, so the tier does not separate them. Weigh the pros, cons, pricing and United Arab Emirates-specific notes below against your trade and region.
Salama (Islamic Arab Insurance)
Tier A · ListedDubai-listed takaful insurer with engineering, employee compensation and liability cover
Salama Islamic Arab Insurance Company is a Shariah-compliant (takaful) insurer based in Dubai, listed on the Dubai Financial Market and regulated by the Central Bank of the UAE; it says it has operated for more than 45 years and protects 450,000 customers. Its engineering and construction line covers Contractor's All Risks, Erection All Risks, Contractor's Plant and Machinery, Machinery Breakdown and Electronic Equipment, and its property and casualty line adds employee compensation, employee liability and public liability.
Pros
- + Shariah-compliant takaful cover for contractors who need it
- + Engineering set (CAR, EAR, plant, machinery breakdown, electronic equipment) plus employee compensation and public liability
- + Listed on the Dubai Financial Market and regulated by the Central Bank of the UAE
- + Quotes by phone (800-725262) or email
Cons
- − No public premiums; every policy is quoted
- − Shareholders approved a capital restructuring in October 2025
- − Product pages list covers only, so ask for full policy wordings
United Arab Emirates note
Relevant when a contractor or client requires Shariah-compliant (takaful) cover instead of conventional insurance; Salama offers both the engineering covers and employee compensation and public liability.
Sukoon Insurance
Tier A · ListedDubai insurer, formerly Oman Insurance Company, with ten engineering insurance products
Sukoon Insurance, known as Oman Insurance Company until its October 2022 rebrand, began operating in 1975 and is regulated by the Central Bank of the UAE. Its engineering line lists ten products, including Contractor's All Risk, Erection All Risk, Contractor's Plant and Machinery, Machinery Breakdown, Electronic Equipment and Principal's Advance Loss of Profits. Premiums are quoted per risk rather than published.
Pros
- + Ten engineering products, from CAR and EAR to plant, machinery and electronic equipment
- + Owner-side cover too, with Principal's Advance Loss of Profits for a delayed start
- + Regulated by the Central Bank of the UAE; operating since 1975
- + Quotes by phone, email, callback form or branch visit
Cons
- − No public premiums; every policy is quoted
- − Older contracts and tender documents may still name Oman Insurance Company
- − Product pages give short summaries, so ask for the full policy wording
United Arab Emirates note
Sukoon's engineering line covers contractor-side risks (CAR, EAR, plant and machinery) and the project owner's Advance Loss of Profits with one insurer. Documents from before October 2022 may refer to it as Oman Insurance Company.
More United Arab Emirates options
See all United Arab Emirates business insurance vendors and the rest of the United Arab Emirates directory.