The Islamic Development Bank Institute (IsDBI) and the Universal Postal Union (UPU) have signed an agreement to launch a new project titled 'Prosper MSMEs'.
The Islamic Financial Services Board (IFSB) has released an exposure draft to revise its standard on risk management in takaful.
The Financial Services Authority ( OJK ) has projected that there will be a total of 41 full-fledged Shariah insurance companies, both life and general, in Indonesia after the spin-offs of takaful windows from insurance companies by the deadline of 31 December 2026.
First Takaful Insurance Company (FTIC) is assessed as having marginal operating performance, reflecting the insurer's weak, albeit improving, overall profitability, indicates AM Best.
Zamzam Takaful Insurance Company (Zamzam) has a good track record of underwriting and overall profitability over the past five years. In addition, the predominance of short-tail insurance business reduces reserving risk and enables the insurer to respond to changing market conditions without much delay, notes Moody's Ratings (Moody's).
The board of directors of Orient Insurance, the UAE's biggest insurer in terms of insurance revenue and net profit, has approved the establishment of a takaful window.
Damaan Islamic Insurance Company "Beema" (Beema), based in Qatar, shows consistently strong underwriting and overall profitability, as reflected in a combined ratio of 87.9% and return on capital of 14.5% for 2025, says Moody's Ratings (Moody's).
Kazakhstan plans to widen conditions for the development of Islamic insurance (takaful) and the expansion of the range of Shariah-compliant insurance products, including allowing the forming of takaful windows.
Regulatory frameworks, financial literacy and distribution infrastructure continue to evolve in Africa, creating significant opportunities for future growth of takaful, according to Moody's Ratings.
The first half of 2026 presents a clear divergence between growth and earnings quality for Oman's listed insurance sector, according to BADRI Management Consultancy, an international actuarial and risk consultancy.