The board of directors of UAE-based Islamic Arab Insurance Company (Salama) has adopted a resolution to reduce the issued share capital of the company by AED475,710,293 ($129.5m), according to a statement lodged with the Dubai Financial Market on 11 September.
The Shariah-compliant segment of the life insurance sector has posted contributions to IDR11.99tn ($730.4m) in the first half of 2025, according to the Indonesian Life Insurance Association (AAJI).
Intense competition for this year's Middle East Insurance Industry Awards has produced a distinguished list of 56 finalists, encompassing insurers, brokers, risk managers, service providers, and industry leaders.
Etiqa General Takaful Bhd (EGTB) has appointed Mr Khairoel Faiezy Hasnan as CEO, according to news platform The Star.
Dubai Islamic Insurance and Reinsurance Co (Aman) has announced that it will hold a general assembly meeting on 18 September to discuss developments in the company's loss management plan, that was approved by shareholders in February 2023, and the continuity of the company's operations.
The participation insurance (takaful) market in Turkiye attracted contributions exceeding TRY32.5bn ($790m) in the first half of the year. This marked a growth of 53.5% compared to the corresponding period last year.
The Islamic insurance sector in the GCC will continue to benefit from positive growth prospects through 2025 and 2026, forecasts S&P Global Ratings (S&P) in a white paper.
The National Insurance Commission (NAICOM) has issued a circular that will ban co-insurance arrangements between takaful companies and conventional insurers with effect from 1 January 2026.
The underperformance of Pakistan's insurance industry is symptomatic of deeper structural constraints that continue to hinder the sector from realising its full potential, according to the chairman of the Securities and Exchange Commission of Pakistan (SECP), Mr Akif Saeed.