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.
GIG-Takaful Insurance Company (GTIC), previously known as Gulf Takaful Insurance Company, has completed a capital increase exercise, according to a statement issued by Kuwait Financial Centre "Markaz", an asset management and investment banking institution that served as the lead manager and subscription agent of the rights issue..
Ghana will introduce its first comprehensive Islamic banking and finance regulations by the end of 2025, according to an advisor to the Bank of Ghana (BoG).
Amana Insurance is set to launch soon, marking a historic milestone in Ethiopia's financial sector as the country's first takaful company.
Solidarity Bahrain, a leading Islamic insurance provider, has successfully raised BHD12m ($31.8m) through the issuance of Bahrain's first Shariah-compliant, non-voting, non-cumulative, perpetual Tier 1 capital preference shares.
The combined net profits of eight listed insurance companies in Oman reached OMR17.8m ($46.3m) in 1H2025, from a net loss of OMR10.6m in 1H2024, according to Badri Management Consultancy, an international actuarial and risk consulting firm.
Eight out of the nine reinsurance companies established in Indonesia have met the first phase of minimum capital requirements (MCR) for 2026, according to data from the Financial Services Authority (OJK) as of the end of May 2025.
The Turkish insurance sector demonstrated strong growth in the first half of 2025, according to data released by the Insurance Association of Turkiye (TSB).The overall real growth rate for the insurance industry was 12.3%.