Tag Search Result

Show result per page
Page 1 of 83

Takaful tag returned 823 results

  • Malaysia: Zurich Takaful rolls out new health plan with long-term coverage

    Zurich Takaful Malaysia Berhad (ZTMB) has introduced MediAfya+, a new takaful medical plan aimed at offering more comprehensive healthcare coverage for Malaysians.

    Agents | 13 Nov 2024
  • Bahrain: Higher operating costs dent net profits of insurers in 1H

    The net profits of insurance companies operating in Bahrain fell by 43.5% to BHD15.78m ($41.87m) in the first half of 2024, compared to BHD27.91m in the corresponding period of 2023, according to the "Insurance Market Review June 2024", released by the Central Bank of Bahrain earlier this month.

    Middle East | 13 Nov 2024
  • Malaysia's ASEAN chairmanship in 2025 to propel takaful market

    2025 will be a significant year for Malaysia as it takes on the ASEAN chairmanship, which represents a significant opportunity for Malaysia to actively advance regional collaboration across Southeast Asia in critical sectors, including takaful and retakaful, according to the deputy governor of Bank Negara Malaysia, Mr Adnan Zaylani.

    Middle East | 11 Nov 2024
  • Malaysia: Takaful association releases strategic transformation plan

    The Malaysian Takaful Association (MTA) has officially launched the Hijrah27 framework, a strategic transformation plan with the core objectives of broadening public understanding of Islamic insurance and expanding its reach to underserved segments of the country. The goal is also for takaful to be the preferred Shariah-compliant protection choice in the country while seeking to enhance professionalism among takaful personnel and promote ESG.

    Asia | 11 Nov 2024
  • Saudi Arabia: Insurance sector's net profit jumps by 15% to US$800m in first 3 quarters

    The insurance industry's profitability (after-zakat & tax) in the Kingdom of Saudi Arabia (KSA) stood at SAR3.0bn ($800m) in the first nine months of 2024, growing by 15% from SAR2.6bn in the corresponding period in 2023, according to a report by Badri Management Consultancy which provides consulting services in the actuarial, strategic and technology fields.

    Middle East | 07 Nov 2024
  • Indonesia: 2 of 41 takaful windows complete spin-off of Islamic insurance operations

    The Financial Services Authority (OJK) has disclosed that two insurance companies have completed the spin-off of their takaful windows or Shariah Business Unit (UUS) as of 31 October 2024, more than two years ahead of the deadline to do so.

    Middle East | 07 Nov 2024
  • Pru Life UK receives the Philippines' first takaful licence

    Pru Life UK has made history as it received the first takaful licence in the Philippines.

    Middle East | 06 Nov 2024
  • Global: ESG sukuk to exceed US$50bn by 2025

    Global ESG sukuk issuance is expected to continue rising over 4Q24-2025, driven by investor demand, funding and diversification goals, and government sustainability initiatives in some Muslim-majority countries, Fitch Ratings says.

    Middle East | 04 Nov 2024
  • Bahrain: Takaful International maintains strong operating performance

    Takaful International Company enjoys the strategic support of its parent company, GIG-Bahrain, and Gulf Insurance Group, as well as synergies with them and the group's disciplined approach to corporate governance.

    Middle East | 04 Nov 2024
  • Pakistan: Takaful market grows at nearly 20% in 2023

    The Pakistani takaful sector chalked up contributions of PKR48bn ($173m) in the family takaful segment in 2023, 17% higher compared to 2022, according to the Securities and Exchange Commission of Pakistan (SECP).

    Middle East | 29 Oct 2024


    Follow Asia Insurance Review