Boubyan Takaful Insurance Company enjoys a strong capital position, Fitch Ratings has pointed out.
Takaful companies in the UAE posted a 23% jump in insurance revenue in the first three quarters of this year (3Q2025) to AED3.7bn ($1.0bn), a jump of 23% over the AED3.0bn reported for the corresponding period of 2024, according to BADRI Management Consultancy, an international and risk consulting firm.
Malaysia's regulator, Bank Negara Malaysia (BNM,) has issued the 'Policy Document on Broader Application of Ta'awun in Takaful', which sets out the Shariah and regulatory requirements to unlock the full potential of takaful in promoting financial resilience as well as financial inclusion, in line with the objectives of Shariah (maqasid Shariah).
Promoting inter-institutional synergy is one key to accelerating the transformation and strengthening the competitiveness of the Shariah insurance industry in Indonesia, according to a report released last week by IFG Progress, the think tank of Indonesia Financial Group (IFG), a state-owned financial holding company.
The Central Bank of Bahrain (CBB) has granted KFH Takaful Insurance Company a licence to provide insurance services in Bahrain.
Takaful operations in Morocco generated a total contribution volume of MAD66m in the first half of 2025, jumping by 51.4% compared to the corresponding half of 2024, according to the Insurance and Social Security Supervisory Authority (ACAPS).
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 plans to release. a 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".