Camel + animal? I wonder, does the element "kamel" resembles any other, non-animal words? (I studied Icelandic a bit as a teen, but it's been a long time since then.)
Not any word I know about. Chameleons are named Kamelljón (Camel + lion) but that's just because it sounds like the English word. As far as I know, "kamel" is just loaned directly from other languages.
Interesting that the majority of European languages seem to get it from the Semitic family, rather than from within their fellow Indo-European language family. Etymonline suggests, and the picture reinforces, that it mostly got there via Greek. So I suspect we have Alexander the Great, or possibly earlier interactions between Greek states and Phoenicians, Hebrews, and Arabs, for that borrowing.
Κάμηλος (kámēlos) existed in Greek before Alexander adventures (we find it in Herodotus, Agatharchus or the Septuagint); an etymology book I have says it probably comes from Babylonian, but doesn't explain why.