SlashData and Methaq Takaful Insurance have partnered to modernise the Takaful sector using the Mulem and Wtheeq digital platforms. This collaboration aims to streamline policy issuance, improve data integration, and enhance the customer journey while maintaining core Takaful principles within the UAE’s evolving insurance market.
Through Mulem and Wtheeq, Methaq Takaful is improving how it accesses data and issues policies across its operations. Mulem enables secure access to key insurance data, supporting more accurate underwriting and faster processing, while Wtheeq streamlines policy issuance and documentation, reducing manual work and improving transaction speed.
As the insurance industry becomes more digital and connected, Takaful providers face a distinct challenge: scaling operations while preserving the principles that define the model, including transparency, fairness, and shared responsibility. Addressing this requires more than process improvement, it calls for systems that support both growth and reliability.
Thamer Alfallaj, CEO of SlashData, said: “Our partnership with Methaq Takaful reflects a shared vision for how the sector is evolving. As Takaful enters its next phase, the ability to operate on connected, reliable digital infrastructure becomes critical. Through Mulem and Wtheeq, we are enabling insurers to scale more effectively while maintaining the principles that define the model.”
Musallam Albaloushi, CEO of Methaq, said: “Takaful has always been built on trust, but how that trust is delivered is changing. Today, customers expect simplicity, speed, and clarity in every interaction. This partnership allows us to rethink how we deliver on that promise, making insurance more accessible, intuitive, and aligned with the way people live Today.”
The partnership also reflects a broader shift in the UAE insurance market, where seamless information sharing between government entities and private sector insurers is becoming increasingly important. Through Mulem and Wtheeq, SlashData enables this exchange by delivering secure, resilient infrastructure that supports real-time data access, strengthens cybersecurity, and ensures regulatory compliance.
