Kuwait Finance House - Bahrain (KFH-Bahrain) has partnered with Tamkeen to offer Islamic financing solutions with a 50% subsidy to support the growth of small and medium enterprises (SMEs) in the Kingdom.
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Cairo-based Ridge Islamic Capital plans to enter Egypt’s takaful market, either through purchasing an existing company or applying for a licence, though this will not happen before the beginning of next year, according to a Reuters report.
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AIA has agreed to buy ING’s Malaysian insurance and takaful operations for US$1.73 billion in cash, handing the Dutch financial services firm its first deal in a nine-month drive to sell off its Asian assets.
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The Malaysian Takaful Association (MTA) and Universiti Sains Islam Malaysia (USIM) have signed a memorandum of understanding (MoU) to promote educational and academic exchange between MTA’s members and USIM’s students.
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Takaful IKHLAS has launched an incentive campaign for civil servants opting for the company’s mortgage agreement and householders’ schemes.
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The Oman Insurance Association has sought an extension on the timeline given by the Capital Market Authority (CMA) to review the draft takaful law distributed to the industry in mid-September, its Chairman Sayyid Nassir Bin Salim Al Busaidi told Middle East Insurance Review.
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The Philippines Stock Exchange is drawing up a list of Shariah-compliant stocks to attract the US$1.2 trillion Islamic finance industry, according to the bourse’s Head of Capital Markets Development in an interview with Bloomberg.
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Weqaya Takaful Insurance and Reinsurance Co has entered into a three-year contract with Saudi Electricity Co to provide health insurance services for non-Saudi employees and their dependants
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