Takaful Malaysia has announced a final single-tier dividend of 40% for its financial year ended 31 December 2013.
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The Ministry of Finance and Economy has submitted a bill authorising the creation of Islamic insurers, which could see takaful launched in the country by the end of this year.
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Takaful Oman Insurance - the Sultanate's second Islamic insurance firm - has commenced operations, said media reports.
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An out-of-court settlement between takaful operators, conventional insurers and the insurance regulator is being finalised after a deal was struck to allow conventional insurers to offer takaful through window operations.
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Growth in Saudi Arabia's insurance market is expected to slow down from last year but remain above historical levels, said a report by A.M. Best.
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Bahrain Institute of Banking & Finance (BIBF) and Aon Saudi Arabia have signed an agreement to launch Aon Academy, an accredited graduate development programme aimed at recruiting and training fresh Saudi graduates in insurance and insurance brokerage.
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Dubai-listed Dar Al Takaful said it plans to raise paid-up capital from AED100 million (US$27.2 million) to AED150 million through right issues.
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Abu Dhabi National Takaful Company has reported a 4% growth in net profit to AED10.3 million (US$2.8 milion) for the quarter ending 31 March 2014.
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