Dubai Holding, a conglomerate owned by the emirate's ruler, and Kuwait's Al Fajer Re plan to launch a firm with $500 million of authorised capital in January to tap unserved demand in retakaful, or Islamic reinsurance.
Insurance is a strong driver of growth in the financial sector in Bahrain, and its contribution to the gross domestic product climbed to eight per cent in 2011 from three per cent in 2003, the Economic Development Board (EDB) said in a quarterly r
Takaful Re, one of the leading Retakaful providers in the region, recently conducted a Family Takaful Workshop, as an integral part of its strategy and commitment of developing the Takaful industry.
The two-day workshop, which was held
Dubai Group, the leading diversified financial services company of Dubai Holding, has announced the launch of ACR ReTakaful Holdings Limited, a reinsurance company with a paid-up capital of Dh1 billion ($300 million).
ACR Retakaful Holdin
Malaysian state investment arm Khazanah Nasional will team up with Dubai Banking Group and Asia Capital Reinsurance to set up what it says will be the world's largest retakaful (Islamic reinsurance) firm, Khazanah said on Wednesday.