From Editor-in-chief
Financial centres - "Agents of change" in the GCC region
The future of insurance in MENA
Event - From evolution to excellence
Aon Benfield boosts resources in MENA
In search of a better tomorrow
Maintaining market stability
JIC seeks brighter future
AOIC cements position despite difficulties
FIC climbs to top five
Al-Nisr benefits from bold step
Apex calls for improving brokerage standards in Jordan
Shisha and life insurance - Seeing through the smoke
Medical malpractice claims in Dubai
In a fix over health insurance
Towards a robust supervisory framework for the MENA insurance industry
Regulating insurance in Iraq
The Swiss model for insurance regulation
Taking positives from the Arab unrest
Takaful in Pakistan: Innovation needed
Pakistan: Are windows a win-win?
Getting Islamic finance accredited
Growing takaful pool needs hands-on asset management
Adapting to the risks of climate change
Mena & Gcc: MICC announces “Energise Insurance in MENA” Essay Contest winners
Mena & Gcc: Enhancing customer experience a priority for life insurers – ME Life Summit
Mena & Gcc: Strong outlook for GCC reinsurance markets
Mena & Gcc: Middle East CFOs among the most optimistic in 2Q12 – Deloitte
Mena & Gcc: Competitiveness of MENA countries affected by political turmoil
Bahrain: Engineering drove premium growth in 2011
Egypt: Premiums reached US$1.6 bln in FY2011
Jordan: Micro-credit provider offers free health insurance to clients
Jordan: Gulf Insurance Group to integrate brands
Lebanon: Life and fire boost premium growth
Qatar: Doha Bank Assurance opens first retail branch
Qatari court to develop insurance dispute resolution with law firm
UAE brokers to increase capital under draft laws
UAE: HAAD approves new price list for medical services
UAE: OIC buys 51% of Turkish non-life insurer
UAE: Daman starts trial to use national ID for health services
UAE: Majority of Dubai’s finance executives plan to hire staff in 2H12 – survey
August disasters add to economic losses – Aon Benfield
Bahrain: Takaful grows faster than conventional
Egypt: Tokio Marine buys up all of Nile Takaful
France: Swiss Life launches family takaful product
Malaysia: ING Public Takaful to extend branch network
Takaful Malaysia shows robust 1H earnings
Malaysia: Ikhlas to underwrite bereavement plan for non-Muslims
Malaysia: Mobile phone operator prices world’s largest yuan sukuk
Pakistan: Court order puts new takaful rules on hold
Pakistan: Pak-Qatar declares surplus
Sri Lanka: Amana Takaful records 32% growth, profit at group level in 1H
Turkey to issue local currency sukuk
UAE: AMAN, FWU Group and Emirates Money launch unit-savings plan
Global sukuk issuance maintains growth momentum – KFH Research
Strong demand to triple global sukuk by 2017 – Ernst & Young
Diary of Events
People on the move
The volume of sukuk issued globally during the first half of the year grew 40% to US$66.4 billion on the back of large sums of money pumped by sovereign authorities and central banks to absorb excess liquidity, according to a report released by KFH Research, an affiliate of Kuwait Finance House (KFH).
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Global sukuk volume is predicted to triple from US$300 billion to $900 billion by 2017, due to increasing demand from an enlarged Islamic banking sector as well as fund managers and high-net-worth individuals, said Ernst & Young’s Global Islamic Banking Center of Excellence.