Johannesburg-headquartered Risk Capacity (ARC) has unveiled its ARC Retakaful Waqf Facility (ARC ReTak), a non-profit, Shariah-compliant initiative expanding climate protection to underserved communities across Africa.
Bank Negara Malaysia policy document on the broader application of ta`awun (mutual assistance) in takaful by the end of this year,
Global economic and policy uncertainties and the consequent volatile financial market conditions are expected to continue to pose a key downside risk to the performance of insurers and takaful operators (ITOs) in Malaysia, given their sizeable investment holdings in bonds and equities, according to Bank Negara Malaysia's (BNM) report, titled "Financial Stability Review: First Half 2025".
Sukoon Takaful, along with group entity, Sukoon Insurance, has signed a strategic cooperation agreement with the Emirates Association for Lawyers and Legal(EALL) to provide insurance and takaful services on competitive terms.
Sukoon Insurance has announced a 56% year-on-year (YoY) surge in profit before tax to AED303.2m ($82.3m) for the first three quarters of this year (3Q2025), exceeding its full-year 2024 profit.
The Securities and Exchange Commission of Pakistan (SECP) has organised a roundtable discussion to identify policy and regulatory measures to enhance the takaful industry's market share and promote Shariah-compliant financial inclusion, thereby contributing to economic growth and ongoing regulatory reforms.
The Securities and Exchange Commission of Pakistan (SECP), Pakistan's insurance regulator, organised a roundtable discussion titled "The Future of Takaful in Pakistan", which is part of the SECP's 'Insured Pakistan' five-year strategic plan.
Pak-Qatar Family Takaful, a Shariah-compliant insurance company, plans to raise PKR1.1bn ($3.9m) through an initial public offering (IPO) next month, taking advantage of the Pakistan Stock Exchange's (PSX) record-breaking rally, Bloomberg reported.
The ASEAN insurance industry has established the ASEAN Takaful Alliance (ATA) to foster regional collaboration, knowledge sharing, and capacity building among takaful operators.
Orient Takaful Insurance Egypt has received the approval of the Financial Regulatory Authority (FRA) to change its operating model from takaful to conventional, the financial regulator announced in a statement.