The insurance cooperative, the Egyptian Cooperative Insurance Society (CIS), aims to cover all the governorates of the country within the next three years by expanding its geographical network of branches.
The policy board of the Securities and Exchange Commission of Pakistan (SECP) has approved the General Takaful Accounting Regulations 2019, one of many rules which the financial regulator has been working on.
Turkey's share in the global Islamic insurance market has jumped form a mere 1.5% in 2014 to 5% in 2019, according to a report released by the Committee for Economic and Commercial Cooperation of the Organization of the Islamic Cooperation (COMCEC).
The UAE Insurance Authority's (IA) much awaited new regulations for life insurance and family takaful are expected to be published in the Official Gazette imminently and take effect six months thereafter.
The Inter-African Conference on Insurance Markets (CIMA), the body in charge of insurance regulation in 14 French-speaking countries in sub-Saharan Africa, has introduced takaful in its insurance law.
The Insurance Regulatory Authority (IRA) has pledged to to hasten the completion of a takaful framework to promote the growth of the market segment.
Tunis Re has posted an 18.8% increase in premium income to TND120.2m ($42.4m) for the first nine months of this year, compared to the corresponding period last year.
Etiqa, the insurance arm of Malaysia's Maybank Group, is seeking to introduce takaful to the Philippines once it finds a local Islamic bank to partner with.
Eight insurance companies in the Egyptian market have increased their paidup capital by EGP339m ($20.85m) in the year to date, to reach a combined total of about EGP1.3bn.
Islamic Arab Insurance, one of the UAE's largest takaful companies, plans to raise the ceiling on foreign ownership in the company to the maximum permissible under UAE law of 49%, the company says. The existing cap is 25%.