Simplify complexities, manage uncertainties, and empower your future with precision

Bringing the future in your favour

Setting benchmarks of excellence in Actuarial and Financial Services since 1987, SHMA houses top-tier Actuarial talent to give our clients an edge over competitors.

Employee Benefits

Drive employee retention by achieving the ideal balance of a fair wage to an adequate retirement plan.

IFRS Implementation

Minimize the margin for error and seamlessly implement International Financial Reporting Standards across your organization.

The only source of knowledge is experience

A Pioneer in the Market and a market leader in the region – SHMA offers tailor-made solutions where clients’ needs are addressed on a case-to-case basis.

The only source of knowledge is experience

At SHMA , we take a client-centric approach to financial consulting & give 360-degree solutions and services

Your guide to navigate what’s next

SHMA is home to some of the most gifted and experienced Actuarial minds in the region. With decades of experience under our belt, we combine seasoned Actuarial veterans with up and coming Actuarial talents to ensure our clients receive the ideal support they need to achieve their success.


Our experts help you navigate risk and profitability.


We can help implement a Shariah-compliant Takaful insurance system to help ensure your organization can navigate this intricate process with ease.

03Risk Management

We help organizations embrace a broader perspective of risk and manage it proactively in a holistic fashion.

04Employee Benefits

Employees are a businesses’ most valuable resource, we help create plans to attract and retain the best for your organization.


Our experienced team of Actuaries and financial consultants help with implementation to ensure seamless and smooth operations.

06Business Strategy

We help redefine Business Strategies to create additional value and improved growth for both new businesses and current ones.

07Business Intelligence

We transform data into actionable insights that help improve the value of the business.

08Public Sector

Our Government and Public Sector team unites the solutions, people, and technology to help fulfil your organization’s mission.

Empowering clients across the world

SHMA has worked with some of the largest organizations in the GCC across a multitude of different industries. We go above and beyond, helping our clients achieve their targets in a personable and efficient manner.

SHMA simplifies
complexities and improves decision-making.

Dealing with ever-changing regulations and stakeholder expectations in the dynamic, modern-day world is a challenge. Let us help you navigate your way to success.

Employee Benefits

SHMA offers comprehensive solutions and services for managing employee benefits. With extensive experience and diverse expertise, our team ensures organizations proactively address risks and optimize benefits.

IFRS 17 Implementation

SHMA specializes in streamlining IFRS 17 implementation for insurance companies. We offer expert guidance, data analysis, and customized solutions to ensure compliance, mitigate risks, and optimize financial reporting.

Enterprise Risk Management

SHMA enables organizations to proactively manage risks holistically, leveraging our extensive experience and expertise. Our solutions optimize risk management for enhanced organizational resilience.

Insurance and Takaful Consulting

SHMA offers valuable insights through Insurance and Takaful consultancy, providing tailored solutions to enhance coverage and financial security while aligning with Islamic principles, ensuring peace of mind.

It Takes Time, Effort & Knowledge

Uniquely enable accurate supply chains rather than frictionless technology. Globally network focused materials vis-a-vis cost effective manufactured products.

Define & Structure

Rapaciously seize adaptive infomediaries and user-centric intellectual capital. Collaboratively unleash market-driven "outside the box" thinking for long-term high-impact solutions. Enthusiastically engage fully tested process improvements before top-line platforms.

Rating Agency Advisory

Leverage agile frameworks to provide a robust synopsis for high level overviews. Iterative approaches to corporate strategy foster collaborative thinking to further the overall value proposition. Organically grow the holistic world view of disruptive innovation.

Capital Modelling

Completely synergize resource taxing relationships via premier niche markets. Professionally cultivate one-to-one customer service with robust ideas. Dynamically innovate resource-leveling customer service for state of the art customer service.

Enterprise Risk Management

Proactively envisioned multimedia based expertise and cross-media growth strategies. Seamlessly visualize quality intellectual capital without superior collaboration and idea-sharing. Holistically pontificate installed base portals after maintainable products.

Do Things A
Bit Differently

Quickly cultivate optimal processes and tactical architectures. Completely iterate covalent strategic theme areas markets.


We transform your business from the people to the processes.

Industries Served

We plan, build and deliver technology to solve problems.

Case Resolved

We define your digital strategy and make marketing work.

Decades of cumulative experience.

SHMA clients are spread out all over the globe with an extensive service portfolio in the following areas:
  • Capital Modelling
  • Enterprise Risk Management
  • Business Intelligence and Strategy
  • Employee Benefits Planning
  • Valuation as per IFRS / US GAAP

News & Articles

Our experts love to share knowledge. And it shows! Whether you have a business or technology need, you've come to the right place to find information you can use.

Let’s talk about your
organization’s needs

Connect with SHMA now and you’re already on the right track to sorting out your numbers.

    Why Don’t We
    Talk Business?

    Get in touch with our representatives and start your journey on expanding your company and making your business better, more agile and profitable.

      SHMA has been a commendable partner in our IFRS 17 journey. They have been simplifying the complexities of the new standard for all stakeholders at every step of the way. They worked with all of our teams including Actuarial, finance, underwriters and even IT to understand the constraints and to provide practical solutions for achieving a successful implementation.
      Dubai Insurance
      SHMA has done an extraordinary job in helping the company meet its IFRS 17 requirements and complying with the transition in 01-Jan-2023. They have been instrumental in the successful delivery of our IFRS 17 requirements at different phases of our journey – from assessment, design, and implementation – as well as providing knowledge transfer to all stakeholders and the promise of post-implementation support. As a Takaful company, it is more difficult to interpret and implement the new accounting standards because of the unique Hybrid Wakalah-Mudarabah business model. For this, we are greatly thankful and fortunate to have SHMA as our partner because of the technical expertise of its team, and more so for its huge representation in the AAOFI (Accounting and Auditing Organization for Islamic Financial Institutions) and the IFRS 17 working groups of the insurance regulating body of the UAE (CBUAE).
      Abu Dhabi National Takaful Co.
      On behalf of our Company, we would like to express our appreciation for the invaluable support throughout the IFRS-17 transformation project. SHMA and your team has been an instrumental part of the IFRS-17 project, from the initial stages and throughout all the achievements and milestones. The SHMA team has been immensely supportive and responsive throughout this complex transformation. We appreciate how your team worked closely with the Actuarial, finance, IT and all concerned departments to streamline our objectives, ensure timely deliverables, and provide the needed solutions to overcome challenges, as we successfully continue the implementation.
      Allianz Saudi Fransi
      SHMA has provided a great service to help us trying to understand IFRS17 concept and coming with practical solutions. They were able to provide support swiftly upon request. Shiraz and his team were able to work with the Actuarial, Finance and IT team without any complication. Their knowledge on data and IFRS17 has been a great help to push forward on the IFRS17 project.
      Saudi Re

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