Turkiye is actively addressing new avenues to increase inclusivity of the financial ecosystem, including strengthening the takaful regulatory infrastructure and its framework, said the Insurance and Private Pension Regulation and Supervision Authority (SEDDK) Vice President Ali Burak Kurtulan at the opening of the DWIC Connect Istanbul held on 7 July.
The Islamic Arab Insurance Company (SALAMA) has announced the elections of His Excellency Humaid Mohammad Obaid Alqutami and Mr Fareed Lutfi Al Harmouzi to its Board of Directors, effective 2 July 2026.
The Financial Services Authority (OJK) has announced that 10 insurers were in the process of establishing full-fledged takaful companies as at 29 June 2026.
Moody's Ratings (Moody's) has assigned a B1 insurance financial strength rating (IFSR) to Al-Daman Takaful Insurance Company (Al-Daman Takaful). The outlook is 'Stable'.
The insurance sector in Algeria reported a total revenue of DZD57.3bn ($430m) in the first quarter of this year, rising marginally by 0.2%, compared to 1Q2025, according to data from the National Insurance Council (CNA).
Moody's Ratings (Moody's) has upgraded Wethaq Takaful Insurance Company's (Wethaq) Insurance Financial Strength Rating (IFSR) to 'B1' from 'B2', and changed the outlook to 'Positive' from 'Negative'.
Moody's Ratings (Moody's) has assigned a 'Ba2' Insurance Financial Strength Rating (IFSR) to First Takaful Insurance Company (First Takaful). The outlook is 'Stable'.
Ilaf Takaful Insurance Company has demonstrated a track record of sound operating performance, reporting a good balance of earnings between its policyholders' and shareholders' funds in recent years, notes AM Best.
Amana Takaful has concluded a rights Issue from which the company raised more than LKR1bn ($3m). The offer was oversubscribed by 68.8%, signalling solid investor confidence in the company.
Toronto-headquartered Manulife, a leading international financial services provider, is seeing growing demand for Shariah-compliant wealth planning solutions across the the Middle East, North Africa, and South Asia (MENASA) region, as affluent families place greater emphasis on succession planning, family continuity and long-term wealth preservation, according to Ms Bonnie Qiu, CEO of Manulife Global High-Net-Worth.