Tagged: Al Madina Insurance Company

Al Madina Insurance plans IPO to convert itself into takaful firm

Islamic Finance

2013-06-17

Al Madina Insurance plans IPO to convert itself into takaful firm

Al Madina Insurance Company is planning to float an initial public offering (IPO) in the fourth quarter of this year in an attempt to change its status to a Sharia-compliant takaful firm. As per the draft takaful regulation, insurance companies have to…

ONIC starts dialogue for JV takaful firm

Islamic Finance

2012-08-14

ONIC starts dialogue for JV takaful firm

ONIC Holding negotiates with Royal and Sun Alliance to mutually promote takaful insurance company in Oman. ONIC Holding has already obtained an approval from the Oman’s Capital Market Authority, after the government decision to allow Islamic banks. How…

Al Madina granted first Omani license

Islamic Finance

2011-09-07

Al Madina granted first Omani license

Al Madina Insurance Company is the first one to be granted a Takaful license by Oman.
The new firm will give Life, Medial and non-Life Takaful in the Sultanate.
Mohammed al-Barwani, the firm’s chairman, presented his desire to become a publically-liste…

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