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Takaful tag returned 491 results

  • Howden Takaful Brokers claims spot as largest Shariah-compliant specialist broker in Malaysia

    UK-headquartered Howden, the international insurance broker, has announced that further to its merger with Malene Insurance Brokers in February 2019, Malene will operate as Howden Takaful Brokers, a fully dedicated takaful specialist. This reinforces Howden's commitment to responding to the growing demand for Islamic driven solutions and providing a strong foundation for growth in Asia.

    Asia | 09 Dec 2021
  • Egypt: Major UAE insurer increases stake in takaful subsidiary

    Dubai-headquartered Orient Insurance Company, owned by the Emirati Al-Futtaim Group, has increased its stake in Orient Takaful Insurance Company-Egypt, to 80% from 60%.

    Middle East | 05 Dec 2021
  • Algeria: Takaful agencies set to open by yearend

    Mr Aimene Benabderrahmane, Prime Minister and Minister of Finance of Algeria, has announced that takaful agencies will be opened in the country before the end of the year.

    Middle East | 02 Dec 2021
  • Morocco: Takaful startups will face profitability challenge

    Takaful operators, which are expected to be launched in Morocco in 2022, will find it difficult in the first few years of operations to achieve breakeven because of a restricted list of products and a narrow investment scope.

    Middle East | 02 Dec 2021
  • Malaysia: Takaful market sees strong growth in 1H2021

    The Malaysian takaful industry, ranked the second biggest in the world in terms of contribution, recorded strong growth in both family and general takaful businesses for the first half of 2021, compared to the same period in 2020, according to the Malaysian Takaful Association (MTA).

    Middle East | 01 Dec 2021
  • Qatar: Damaan Islamic Insurance to go public

    Gulf insurer Qatar Insurance Company's (QIC) affiliate, Damaan Islamic Insurance Company (Beema), will list its shares on the Qatari bourse, QIC said in a stock exchange filing.

    Middle East | 01 Dec 2021
  • Morocco: Takaful market to open first with mortgage, home, and savings plans

    The first branches of takaful business to be launched in Morocco will be mortgage takaful-consisting of death cover for the borrower, multi-risk residential property cover, and savings products.

    Middle East | 25 Nov 2021
  • Algeria: First takaful lines to be launched in 1Q 2022

    The first branches of takaful are expected to be launched in Algeria in the first quarter of 2022, according to an official of the Algerian Union of Insurance and Reinsurance Companies (UAR).

    Middle East | 18 Nov 2021
  • Turkey: Regulator outlines local model of takaful

    The Insurance and Private Pension Regulatory and Supervisory Agency (SEDDK) has published the "Definition of the Turkish Model within the Framework of Participation-Based Insurance Activities".

    Middle East | 10 Nov 2021
  • Morocco: Long-awaited takaful rules take effect from 25 Oct

    The Insurance and Social Insurance Supervisory Authority (ACAPS) has published a much-awaited circular on the application of the provisions of the Insurance Code relating to takaful.

    Middle East | 03 Nov 2021