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Takaful tag returned 348 results

  • Bahrain: GIG Group & BIBF in strategic partnership on takaful textbook

    One of the largest insurance groups in the Middle East and North Africa, GIG Group, has signed a strategic partnership agreement with the Bahrain Institute of Banking and Finance (BIBF) to publish an Islamic insurance textbook, titled, "Takaful: Technical and Operational Aspects".

    Middle East | 04 Jun 2020
  • Global: ICIEC 2019 insured total is highest in 10 years

    The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has increased its business insured by 20% to reach $10.86bn in 2019, the highest in the past decade, according to a statement from the company.

    Middle East | 03 Jun 2020
  • UAE: Watania buys 4.9% stake in Dar Al Takaful for US$1.6m

    Abu Dhabi headquartered National Takaful Company (Watania) has acquired a 4.9% stake in Dar Al Takaful, the company says in a statement lodged with the Abu Dhabi bourse.

    Middle East | 01 Jun 2020
  • Indonesia: Interest in Islamic insurance surges

    Public understanding of Shariah insurance in 2020 has increased, with Islamic insurance in demand by Muslims and non-Muslims alike, according to a survey conducted by Prudential Life Assurance (Prudential Indonesia). Nearly 20% of respondents to the survey were non-Muslims interested in buying Shariah insurance.

    Asia | 20 May 2020
  • UAE: IA mulls new stimulus package

    The UAE Insurance Authority (IA) is considering to launch a new stimulus package as part of a series of measures to support the insurance sector amid the COVID-19 crisis.

    Middle East | 19 May 2020
  • Morocco: Decree passed to implement takaful law

    The Council of Government has adopted a draft decree implementing the provisions of the Insurance Code that would allow the government authority responsible for finance to determine certain provisions concerning takaful.

    Africa | 11 May 2020
  • Egypt: Number of insurers climbs gradually

    The number of insurance companies operating in the Egyptian market stood at 38 insurance and reinsurance companies at the end of June 2019, excluding one cooperative insurance society, says the Financial Regulatory Authority (FRA).

    Middle East | 07 May 2020
  • Turkey: Participation bank takes over takaful company

    Istanbul-headquartered participation bank Kuveyt Turk has acquired the 93% stake in takaful company, Neova Sigorta, that it did not previously own.

    Middle East | 07 May 2020
  • UAE: Salama shareholders vote to raise foreign ownership cap

    Shareholders of Islamic Arab Insurance Company (Salama) have approved an increase in the company's foreign ownership limit to 49% from 25% previously.

    Middle East | 06 May 2020
  • Malaysia: IFRS 17 delay a boost for takaful sector

    Malaysia's insurance sector has 55 licensed (re)insurers and (re)takaful operators, and the postponement of IFRS17 is a relief particularly for the 11 takaful operators in the market considering that the basis for implementation for takaful has yet to be fully ironed out.

    AIRPlus | 30 Apr 2020

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