Jordan:Regulator to liquidate Al Baraka Takaful

09 Jan 2014

The Insurance Commission of Jordan (IC) has decided to liquidate one of the country's three takaful providers, Al Baraka Takaful as of 8 January 2014, it stated in a press release. The move comes after a restructuring plan which gave Al Baraka the opportunity to amend its conditions, including fulfilling its commitments towards its policyholders and overcoming its financial difficulties.

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