Solidarity General Takaful, a subsidiary of Solidarity Group Holding, will be insuring a public-private partnership (PPP) housing project in Bahrain.
Buy Now
Brunei's takaful sector grew 15% y-o-y in the first half of 2013 to BND105 million (US$84 million), slightly more than the conventional sector's 12% growth in the same period, figures from the regulatory authority have shown.
Buy Now
A new insurance law governing the conversion of takaful windows to fully capitalised, standalone companies has been postponed to 2014, an official at the country's financial regulator told Reuters.
Buy Now
Syarikat Takaful Malaysia's profit for the first nine months of 2013 increased 38% y-o-y to MYR92.8 million (US$28.8 million), while revenues grew 3% y-o-y to MYR1,334.5 million during the same period, mainly due to higher sales generated by family takaful.
Buy Now
The introduction of a risk-based capital (RBC) regime for Malaysia's takaful sector and the limited scale of most operators could lead to further consolidation in the next one to two years, said Fitch Ratings in a new report.
Buy Now
The first two takaful initial public offerings (IPOs) in Oman have raised a combined US$155 million following their month-long subscriptions.
Buy Now
Pak-Qatar Family Takaful has announced the distribution of a 27.5% surplus among its individual family takaful participants for 2012.
Buy Now
Takaful operators will not strike a closed-door deal and withdraw their petition against the Securities and Exchange Commission of Pakistan (SECP) unless their concerns are fully addressed in the new set of rules, said Mr Rizwan Ahmed Farid, CEO of Dawood Family Takaful.
Buy Now
MetLife-AIG-ANB Cooperative Insurance Company (ANB Cooperative Insurance) has been listed on the Saudi Stock Exchange (Tadawul).
Buy Now