Al Amana Financial Islamic review

Updated September 28, 2026 · AssureCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Al Amana Financial Islamic suits microcredit borrowers in Morocco who want a health contribution attached to a loan, since its monthly payments start at MAD 10. It is an MGA rather than an insurer, and the health cover sits alongside hospital cost and funeral expense contributions.

Key facts

Best for
Microcredit borrowers in Morocco who want health and funeral cover bundled with a loan.
Premium from
MAD 10 (Source, checked September 26, 2026)
Insurance types
Health (Source, checked September 26, 2026)
Provider type
Mga (Source, checked September 26, 2026)
Monthly payments
Yes (Source, checked September 26, 2026)
Cover limit
Hospital cost contribution 1,500-5,000 DH; funeral expenses contribution 3,000 DH (Source, checked September 26, 2026)
Age range
Borrowers under 70; since 2015 also spouses and children under 21 (or over 25 if enrolled in school) (Source, checked September 26, 2026)
Legal entity
Al Amana Microfinance, a non-profit microcredit association (Source, checked September 26, 2026)
Headquarters
Morocco (Source, checked September 26, 2026)
Founded
1997 (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre (Source, checked September 26, 2026)
Pricing model
Monthly
Official website
alamana.org.ma

Apps and profiles

Elsewhere
WikidataLinkedInXfacebook.com

Pros and cons

Pros

  • Monthly payments start at MAD 10, below the €9.33 typical for health cover
  • Health cover is the only insurance type listed, so the offer is easy to understand
  • The legal entity is Al Amana Microfinance, a non-profit microcredit association, so the policy is tied to its own borrower base
  • Support runs on phone, email and help centre

Cons

  • The entity kind is mga, so the cover is arranged through an intermediary rather than written by an insurer
  • Only health cover is listed under health, so a borrower wanting a wider policy has to look elsewhere
Al Amana Financial Islamic

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Scored 8.9 / 10 by AssureCue.

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Who it suits

  • Microcredit borrowers taking a loan from Al Amana Microfinance
  • Spouses and children of borrowers included under the same policy
  • People who want a monthly cost rather than a single annual payment

Who should look elsewhere

  • Borrowers wanting car, home or travel cover, where Good Sam Insurance Agency lists auto, home and renters
  • Shoppers comparing free add-ons, since bonus.ch shows CHF 0

Safety and regulation

Al Amana Financial Islamic works as an mga, so the health policy is arranged on behalf of clients rather than underwritten by its own balance sheet. The parent entity is authorised by the Ministry of Finance, Kingdom of Morocco under Decree no 51400 of 31 March 2000. Read the licence wording carefully, since it refers to the microcredit association rather than to the insurance intermediary alone.

Who runs it

The provider is Al Amana Microfinance, a non-profit microcredit association, based in Morocco and working since 1997. It reaches clients through phone, email and help centre, so a policy question can go to a phone line, an email address or the help centre. The same Ministry of Finance, Kingdom of Morocco authorisation, Decree no 51400 of 31 March 2000, sits behind the operation.

How Al Amana Financial Islamic compares

Where Al Amana Financial Islamic is available

Available
Morocco
Licence in Morocco
Ministry of Finance, Kingdom of Morocco (Decree no 51400 of 31 March 2000), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the health policy cost each month?+

Monthly payments are available, and the starting point is MAD 10. The payment model is monthly, so the cost is spread across the months of the loan rather than settled in one sum. The cover listed is health.

What does the policy actually pay out?+

The cover limit is stated as a hospital cost contribution and a funeral expenses contribution. The contribution towards hospital costs falls inside a band, with the funeral contribution given as a separate sum. The exact figures sit within the cover limit terms.

Who can be covered?+

The policy is aimed at microcredit borrowers and, since the extension, their spouses and children who are under a minimum age or still enrolled in school. A borrower past a minimum age is not included, so eligibility is tied to the loan relationship.

Is this an insurer?+

No. The entity kind is mga, which means the cover is arranged through an intermediary instead of being written directly by an insurer. Readers comparing on provider type should weigh that alongside the licence wording.

Which regulator supervises the provider?+

The Ministry of Finance, Kingdom of Morocco holds the authorisation recorded as Decree no 51400 of 31 March 2000. The licence belongs to the microcredit association behind the brand, so check which body stands behind the cover before you rely on it.

How do I reach someone about the policy?+

Support runs on phone, email and help centre. That means a phone line, an email address and a help centre, which suits readers who prefer to call a Moroccan number rather than deal with an app.

Can I pay the policy yearly instead?+

The payment model is monthly only, so the premium is collected in monthly instalments. Readers who prefer to settle an annual sum in one go would need a different provider.

Who is this provider written for?+

It suits borrowers already taking a microcredit loan from Al Amana Microfinance, a non-profit microcredit association, who want a health contribution added to the loan relationship. The monthly model and the low starting amount of MAD 10 make it approachable for that group.

Sources

  • alamana.org.ma/ar/alamana/bynt-lnshr checked September 26, 2026

    Backs: Headquarters, Legal entity, Licences

    “Registered office of the association established at 40 Al Fadila Street, 10130 Rabat”

  • alamana.org.ma/en/alamana/who-we-are checked September 26, 2026

    Backs: Founded, Support channels

    “It was founded on February 13th in 1997 and approved as an Association of microcredit by the Ministry of Finance on March 31st in 2000”

  • alamana.org.ma/en/financial-services/insurance-tayssir-al... checked September 26, 2026

    Backs: Age range, Cover limit, Provider type, Insurance types, Pricing model, Monthly payments, Premium from

    “The product "Tayssir Al Amana" covers our customers under 70 years of age during the initial term of their credit. And since 2015, this product is open to the family of clients including the spouses...”

Compiled from 3 source pages, checked September 26, 2026. We did not open an account.

Al Amana Financial Islamic

Al Amana Financial Islamic

Microcredit borrowers in Morocco who want health and funeral cover bundled with a loan.

8.9/10See alternatives

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