Coping with the revolution and its side-effects
Political risk remains high
UIC Yemen: Moving to takaful
YQI targeting the top ranks
Malaysia: Competition pushes operators to be different
Malaysia: Gearing up for growth
Malaysia: Bank Negara targets niche players for future takaful growth
Talbot strikes out on its own
Microinsurance must fulfill the needs of women
Microinsurance: MENA spells good potential for microinsurance
Microinsurance: Close co-operation needed to achieve financial inclusion
Microtakaful – Time to make a real difference to people’s livelihoods
MENA & GCC : More GCC employers offer flexible benefits
Insurance for SMEs: The growing pains of family businesses
Agriculture: Agricultural insurance to help improve food security
Online auction to salvage resale cars
Tunisia: Industry to move with region’s new norms
UAE: Sharjah to provide social and health insurance for all citizens
MENA & GCC : MENA premiums up 17% to US$31.4 bln in 2011
MENA & GCC : Beirut now the most expensive city in MENA
MENA & GCC : GCC’s end of service benefit to hit US$75 bln by 2020
MENA & GCC : MENA women want financial freedom
MENA & GCC : GCC’s top 30 insurers see falling profitability
MENA & GCC : GCC to see strong growth in 2012 despite regional risks
Iran: Iranian insurers ready to cover foreign oil tankers
Jordan: Federation adopts electronic traffic accidents reporting system
Jordan: Premiums grew 9.5% to US$288 mln in May
Hong Kong-based fund pays US$130 mln for Jordan Dubai Capital
Lebanon: Bank Audi completes LIA Insurance divestment
Libya: Clyde & Co opens office in Libya
QFCRA signs information exchange deal with IAIS
UAE: DHA launches second phase of e-claims project
UAE’s new oil pipeline to reduce shipping and insurance costs
UAE: Half of investors have no life and critical illness cover
UAE: OIC and National Bank of Fujairah ink bancassurance deal
UAE: Green Crescent trims first-quarter net loss to US$2.3 mln
UAE: Pacific Prime partners InterGlobal to offer direct settlement in Dubai
UAE: Zurich unveils new travel products for UAE residents
CAT losses cost insurers US$12 bln in 1H12
Piracy falls sharply in first half of the year
It’s “AIG” again
Global commerce to bypass the West as emerging market intra-trade increases
Bahrain: Takaful Int’l launches mobile app
Malaysia: New test for takaful agents vexes operators
Takaful Malaysia looks to Labuan for SPV
Oman: Takaful regulation expected by end-3Q
Pakistan: Regulator formalises windows
Pakistan: Centre of Excellence for Islamic microfinance formed
Saudi Arabia: Long-awaited mortgage law to be passed
UAE: National Bonds launches family financial protection plans
UAE: Standard Chartered unveils Islamic wealth products for HNWIs
UAE: Dar Al Takaful launches travel products
Risk management to assume greater role for Islamic institutions: Deloitte
S&P launches Shariah index with the OIC
Islamic Development Bank prices US$800 mln five-year sukuk
West Africa moves closer to Islamic financial services
The governance and risk management of Islamic financial institutions will have to evolve in line with global regulatory trends, with risk officers playing an increasingly important role in coordinating between boards and Shariah supervisory board as well as other business units, said Deloitte in its recent report: “Empowering Risk Intelligence in Islamic Finance”.
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Standard & Poor’s has released an index measuring the performance of 50 of the largest Shariah-compliant companies from the member states of the Organisation of Islamic Cooperation (OIC), each with a minimum three-month average daily value traded (ADVT) of US$1 million.
Jeddah-based Islamic Development Bank (IDB) has priced a US$800 million sukuk in its first public debt issuance in over a year, according to media reports.
The West African Economic and Monetary Union (UEMOA) has taken a major step towards introducing Islamic financial services later this year, following a review of the entire region’s financial sector and regulations pertaining to banking, insurance, microfinance, and securities and capital markets.