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Dec 2014

Global Takaful


AIG partners with Cobalt Underwriting

AIG is teaming up with Cobalt Underwriting to market Shariah-compliant commercial insurance across a broad range of risks worldwide.

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AAOIFI issues new standards

The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has issued two new Shariah standards, revised three others and said it will review at least five more in the coming months.

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IFSB issues paper on core principles relevant to Islamic finance regulation

The Islamic Financial Services Board (IFSB) has issued its Working Paper (WP) on the "Evaluation of Core Principles Relevant to Islamic Finance Regulation".