Tagged: Insurance Daily

Zurich launches takaful venture

Zurich launches takaful venture

<p>Switzerland-based Zurich Financial Services Group has established a joint Islamic insurance venture with Abu Dhabi National Takaful Company (ADNTC). The joint venture, called Zurich Takaful Company Limited, will be based in Dubai at Dubai International Finance Centre (DIFC) and will deal with family takaful businesses across the Middle East. It is 51% owned by Zurich and 49% owned by ADNTC. Zurich&rsquo;s initial focus will be establishing its DIFC office as a regional hub, which will then act as a springboard for future growth in the region.</p>
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<p><a href="http://www.insurancedaily.co.uk/2008/11/04/zurich-launches-takaful-venture/" title="http://www.insurancedaily.co.uk/2008/11/04/zurich-launches-takaful-venture/">http://www.insurancedaily.co.uk/2008/11/04/zurich-launches-takaful-venture/</a></p>
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Second wind for Sharia-compliant Salaam Halal

Second wind for Sharia-compliant Salaam Halal

Principle Insurance Holdings, the parent company of Salaam Halal, the UK’s first Sharia-compliant insurance brand, has announced the conditional sale of Principle Insurance Company Limited and Principle Marketing Services Limited, to Kuwait-based Al Salam Group Holding.

The transaction could result in the relaunch of Salaam Halal, which began trading in July of 2008 with a motor insurance offering aimed at the 1.6 million Muslims living in Britain.