Taiwan: Life insurers keen on sukuk investment
Source: Asia Insurance Review | Jul 2019
Executives of Taiwan’s Life Insurance Association have said that industry players have suggested that insurers be allowed to invest in sukuk, according to a report by Reuters.
A preliminary consensus has been reached on this among insurers which are expected to table a proposal on the issue to the Financial Supervisory Commission (FSC).
The LIA executives said that the FSC would have to amend regulations governing insurers’ overseas investments in order to open up investment in Islamic fixed income securities.
An FSC official told Reuters that the relevant proposals of the LIA had yet to be received. The FSC would deliberate on the subject when the proposals have been received.
Meanwhile, the FSC announced in mid-June that it would allow foreign issuers to list sukuk in Taiwan. It expects the first such issuance to take place in Taiwan in the third quarter of this year. A