Takaful statistics reveal that the growth of the business is slowing, amplifying pressure on the sector to boost efficiency, roll out new products and try out new markets.
According to Shyam Sankar, regional head of insurance sales through bank channel…
The data from Capital Market and Financial Supervisory Agency shows that Indonesia’s Shariah-compliant insurance assets increased by 32 percent to 9.2 trillion rupiah ($1 billion) in 2011 comparing to the year before.
The agency stated that takaful h…
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Takaful Emarat will reveal the first investment fund conceived and developed in-house, which the company sees as a milestone in its fourth year of operations. All the necessary approvals have been gained, including the crucial one from the company’s Sh…
Oman’s Capital Market Authority (CMA) has disclosed to The Times of Oman that it will favour standalone Takaful companies, which is against the window operations proposed for conventional banks.
Abdullah bin Salem al Salmi, Acting Executive President…
The Security Exchange Commission of Pakistan (SECP)’s move to push Sharia-compliant Takaful risk coverage in Pakistan is probable to benefit millions and to triple the percentage of citizens with insurance coverage, in which Pakistan ranks lowest in …
One of the most controversed issues in Islamic finance is around the initial capital of Islamic banks and takaful companies, especially when initiated by a conventional parent company.
Some people doubt the purity of the capital in Islamic banks and ta…
A.M. Best Co. has released its criteria report, “Rating Takaful (Shari’a Compliant) Insurance Companies.” The report can be accessed at http://www.ambest.com/ratings/methodology.asp.
The updated criteria report takes into consideration the changes refl…
Takaful is coming out globally as a very viable model and being used successfully as engine of growth in a number of Muslim countries. The statement came from Chief Executive Officer Pak-Qatar Takaful, Pervaiz Ahmad while speaking at Lahore Chamber of …
AmTakaful has finally registered with Bank Negara Malaysia allowing it to start selling family Takaful products in the country.
Late last year The Islamic Globe reported on the signing of the shareholder’s agreement between Friends Life and AMMB Hold…
