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News Middle East18 May 2023

Bahrain:Takaful operator claims to be the first Islamic insurer to implement IFRS 17-equivalent standard

| 18 May 2023

Takaful International Company (GIG Takaful Bahrain), which provides Islamic insurance solutions in Bahrain, has announced that it has become the first takaful company in the region to adopt new Financial Accounting Standards (FAS) 43 and 30, issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).

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