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Takaful tag returned 293 results

  • Global: Malaysia's central bank governor to chair Islamic Financial Services Board wef 1 Jan

    Ms Nor Shamsiah Mohd Yunus, governor of Bank Negara Malaysia will take over the chair of the Islamic Financial Services Board (IFSB) while Mr  Mubarak Rashed Khamis Al Mansoori, governor of the Central Bank of the UAE will be the deputy chairperson, according to the IFSB council. The new appointments will take effect on 1 January 2020. Ms Nor Shamsiah takes over the chair from Mr Fazle Kabir, the governor of the Bangladesh Bank.

    Middle East | 15 Dec 2019
  • Malaysia: Upsurge of the takaful segment emboldens family retakaful partnership

    National reinsurer Malaysian Re has expanded into the family retakaful business with support from Pacific Life Re which will provide technical pricing, underwriting, product development, experience analysis and global insights. Both parties signed an MoU and entered into a partnership to provide sustainable retakaful solutions to family takaful operators.

    Asia | 13 Dec 2019
  • Morocco: Takaful operations expected to start in 1Q2020

    Takaful operations in Morocco are expected to commence within the first three months of 2020, according to Mr Hassan Boubrik, president of the Insurance and Social Insurance Supervisory Authority (ACAPS).

    Africa | 09 Dec 2019
  • Philippines: Regulator proposes list of changes to insurance law

    The Insurance Commission (IC) is seeking to amend the insurance law, about six years since it was last revamped in 2013, to cater to developments like takaful and catastrophe insurance.

    Asia | 05 Dec 2019
  • Egypt: Insurance cooperative plans branch expansion

    The insurance cooperative, the Egyptian Cooperative Insurance Society (CIS), aims to cover all the governorates of the country within the next three years by expanding its geographical network of branches.

    Middle East | 19 Nov 2019
  • Pakistan: Financial regulator's board approves takaful regulations

    The policy board of the Securities and Exchange Commission of Pakistan (SECP) has approved the General Takaful Accounting Regulations 2019, one of many rules which the financial regulator has been working on.

    Middle East | 19 Nov 2019
  • Takaful: Turkey's share of global Islamic insurance market expands

    Turkey's share in the global Islamic insurance market has jumped form a mere 1.5% in 2014 to 5% in 2019, according to a report released by the Committee for Economic and Commercial Cooperation of the Organization of the Islamic Cooperation (COMCEC).

    Middle East | 18 Nov 2019
  • UAE: New life insurance rules to be gazetted "imminently"

    The UAE Insurance Authority's (IA) much awaited new regulations for life insurance and family takaful are expected to be published in the Official Gazette imminently and take effect six months thereafter.

    Middle East | 10 Nov 2019
  • Africa : CIMA introduces takaful legislation

    The Inter-African Conference on Insurance Markets (CIMA), the body in charge of insurance regulation in 14 French-speaking countries in sub-Saharan Africa, has introduced takaful in its insurance law.

    Africa | 04 Nov 2019
  • Kenya: Regulator to quicken pace of completing takaful framework

    The Insurance Regulatory Authority (IRA) has pledged to to hasten the completion of a takaful framework to promote the growth of the market segment.

    Middle East | 04 Nov 2019

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