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…

The Escape Home: This is the affordable Caribbean paradise you need to visit
We recently wrote about why Mexico City should be on your travel bucket list. This week, The Escape Home’s Nicole Perrino writes about another capital city that is often overlooked in favor of all-inclusive resorts (which, yes, are beautiful, but tend to be … culturally bland?).
Market Snapshot: S&P 500, Nasdaq snap 4-week win streaks as U.S. stocks drop and Treasury yields jump
U.S. stocks close lower Friday, with major benchmarks suffering weekly losses, as investors digested hawkish commentary out of the Federal Reserve and more than $2 trillion equity-linked options expired.
Front Office Sports: Activist investor calls on Disney to spin off ESPN
An activist investor is calling on Disney to let one of the biggest names in sports media chart its own course.
Personal Finance Daily: ‘Remote work is here to stay,’ says New York Federal Reserve and are we headed into a housing recession?
Friday's top personal finance stories.
Currencies: U.S. dollar is on fire and slicing through key technical levels `like a hot knife in butter’
The U.S. dollar is on the upswing again and headed toward the year-to-date highs seen in mid-July following a period of relative dormancy for the last month.
Bond Report: 10-year Treasury yield hits highest in month as Fed’s Barkin says officials will do what it takes to fight inflation
U.S. bond yields rise Friday, sending the 10- and 30-year maturities up for a third straight week.
: Survivors of gender-based violence need money to stay safe — but have a median of $0 in savings, new report says
'Having $0 in savings means having absolutely no safety net to fall back on and no ability to safely plan for the future.'
The Margin: HBO Max quietly pulls 200 ‘Sesame Street’ episodes to save money, angering parents and fans
Viewers shared their dismay on Twitter: 'You have to be a special kind of evil to remove episodes of Sesame Street of all things'
Commodities Corner: Why natural-gas prices have climbed to a 14-year high
Natural-gas futures climbed to their highest level in 14 years, with tight supplies in the U.S. and Russia’s move to reduce the flow of fuel to Europe pulling prices up for a second straight week.
In One Chart: Here are the signs that the bear-market rally in stocks won’t last long – Citi
Strategists at Citi Research say the current bear-market rally is in line with the length of an average bear-market bounce, and sentiments improved as much as it typically does. These signs suggest a possible end soon.

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