Modern Slavery Statement

Our structure and business

7Re Retakaful is a Shariah-compliant retakaful operator providing proportional treaty, non-proportional, facultative and catastrophe capacity to takaful operators across MENA, Southeast Asia and Sub-Saharan Africa.

We employ [X] people across our offices in [locations]. Our business model is service-oriented — our primary product is underwriting capacity and our principal activities are risk assessment, treaty management, claims handling and Shariah governance.

Our supply chains

Our supply chains are relatively simple given the nature of our business. Principal categories of third-party expenditure include professional services (legal, actuarial, audit), technology and IT services, facilities management, and travel and events.

We do not source physical goods at scale. Our highest-risk supply chain category is technology and IT services, which involves suppliers in multiple jurisdictions. We have mapped our principal suppliers by spend category and geography as part of our risk assessment process.

Our policies

The following policies are relevant to our approach to modern slavery and human trafficking:

• Anti-slavery and human trafficking policy — sets out our zero-tolerance approach and the responsibilities of all staff
• Supplier code of conduct — sets minimum standards on labour rights, working conditions and modern slavery for all suppliers
• Whistleblowing policy — enables staff and suppliers to raise concerns confidentially without fear of retaliation
• Recruitment policy — ensures all workers are employed on lawful terms and sets standards for agency and contractor engagement
• Human rights policy — articulates our commitment to the UN Guiding Principles on Business and Human Rights

All policies are reviewed annually by the Board Audit and Risk Committee and are available to all staff on our internal policy platform.

Due diligence

We have implemented the following due diligence processes in relation to modern slavery:

• All new suppliers above a defined spend threshold are required to complete a modern slavery questionnaire as part of the onboarding process
• Existing suppliers are reviewed on a risk-based cycle — high-risk categories are reviewed annually; lower-risk categories every three years
• Contracts with principal suppliers include a modern slavery clause requiring compliance with applicable law and the right to audit
• We conduct enhanced due diligence on suppliers operating in jurisdictions identified as high-risk by the Global Slavery Index
• Any concerns identified during due diligence are escalated to the General Counsel and, where material, to the Board

Risk assessment

We assess modern slavery risk across our operations and supply chain annually. Our overall risk exposure is considered low given the nature of our business, though we recognise that some technology and facilities supply chains carry inherent risks that require active management.

We have not identified any instances of modern slavery in our operations or supply chain during the year. We will continue to monitor for emerging risks and update our assessment as our business and supply chain evolve.

Training and awareness

All employees complete mandatory modern slavery awareness training on joining 7Re and every two years thereafter. The training covers how to recognise signs of modern slavery, how to report concerns, and the legal obligations under the Modern Slavery Act.

Staff in procurement and supplier management roles complete enhanced training covering supply chain due diligence and risk assessment. Training completion rates are reported to the Board Audit and Risk Committee annually.

Key performance indicators

Board approval

This statement has been approved by the Board of Directors of 7Re Retakaful and signed on its behalf by:

This statement will be reviewed and updated annually. Any questions regarding this statement should be directed to compliance@7re.co.uk.