The Indonesian Shariah Insurance Association (AASI) has launched its Shariah Life Insurance Blueprint, which is a strategic planning document to advance the family takaful market as one of the pillars of the nation's economy.
Around three quarters of participatory bank borrowers have purchased takaful to cover mortgages that they took out since takaful plans were launched in the market in July, according to banking sources.
Misr Emirates Takaful Life Insurance-Salama (Metlico) has completed the first phase of its restructuring plan aimed at maximising profits and developing business, says Mr Sherif Azazi, the company's managing director.
Shareholders of Damaan Islamic Insurance Company (Beema) have voted to convert the company from a Qatari private shareholding company into a Qatari public shareholding company.
Egypt's Financial Regulatory Authority (FRA) has granted Misr Takaful Insurance - Hayat a licence to carry out business in the country.
The Jordan Insurance Federation (JIF) and the Khartoum-headquartered International Federation of Islamic Takaful and Insurance Companies (IFTI) signed a joint cooperation agreement on 27 November, to exchange expertise and achieve common goals.
Bank Negara Malaysia (BNM) has issued the Exposure Draft on Licensing and Regulatory Framework for Digital Insurers and Takaful Operators (DITOs).
The spinning-off of takaful windows into Shariah insurance companies is projected to boost the growth of the Islamic insurance sector in the medium term.
Eighteen industry stars claimed top honours at the 9th Middle East Insurance Industry Awards (MIIA), held in person at the Conrad Dubai yesterday. This was the first time the awards have been held in person since the COVID-19 pandemic spread in 2020.
In the midst of the threat of a global recession and domestic economic pressures, the Shariah insurance industry in Indonesia is considered still to have huge potential for growth.