The ASEAN insurance industry has established the ASEAN Takaful Alliance (ATA) to foster regional collaboration, knowledge sharing, and capacity building among takaful operators.
Shareholders of Islamic Arab Insurance Company (Salama), one of the UAE's leading takaful providers, have approved a capital reduction and subsequent capital increase as part of a comprehensive plan to restore solvency and reinforce its financial position in line with regulatory requirements of the Central Bank of the UAE (CBUAE).
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.
Kuwait-based Gulf Takaful Insurance (GIG Takaful) is expected to see 8%-12% revenue growth per year in the next two years, under a base-case scenario by S&P Global Ratings (S&P).
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) plans to release soon a new set of regulations on participation insurance, also known as takaful.
Etiqa Insurance Singapore has announced a charity pledge linked to the launch of its latest takaful products.
Listed takaful companies in the UAE contributed 9% of the total business of listed insurance companies in the UAE in 1H2025, according to an analysis by Badri Management Consultancy, an international actuarial and risk consultancy firm. This market share was lower than the 11% reported for 1H2024.
The UAE insurance sector maintained its recovery trajectory in the first half of 2025, building on the strong 1Q2025 performance and further distancing itself from the stress impact of April 2024 rains, points out Badri Management Consultancy, an international actuarial and risk consultancy firm.
Libya's Insurance Supervisory Authority (ISA) has joined the Khartoum-headquartered International Federation of Takaful and Islamic Insurance Companies, the Ministry of Economy and Trade has announced.
Takaful Emarat Insurance Company (Takaful Emarat) has announced the appointment of Mr Adnan Sab'a Al Aish as CEO effective September, said the shariah-compliant life and health takaful provider in a press release last week.