The first nine months of 2026 tell a two-speed story of Oman's listed insurers: demand stayed firm and spread more evenly across the market, while earnings cooled and became markedly more concentrated, according to BADRI Management Consultancy, an international actuarial and risk consulting firm.
Takaful, which is called participation insurance in Turkiye, posted TRY68.25bn ($1.38bn) in contributions in the first nine months of 2026, representing a 44.7% growth compared to the corresponding period in 2025, according to data compiled by the Turkish Insurance Association (TSB).
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.