Zurich launches takaful venture

Posted by on Jul 1st, 2013 and filed under Islamic Finance. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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’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.


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