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Islamic insurance sector posts 25pc growthThe Islamic insurance market is now worth something in the region of $11 billion and is growing at a rate of 20 to 25 per cent a year, said financial experts. Takaful International now has some BD210 million ($557 million) of the insurance More… |
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Takaful summit to open in Dubai tomorrowMore than 350 global Takaful leaders will gather in Dubai at a conference starting tomorrow (April 10) to discuss the next phase of market development for the international Islamic insurance industry. The sixth annual World Takaful Confere More… |
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Aman posts 32pc rise in Q4 profitsDubai Islamic Insurance and Reinsurance Company (Aman), has recorded a 32 per cent increase in profits in the fourth quarter of 2010 as compared to the third quarter. The company has also posted a net profit of Dh21.18 million ($5.76 milli More… |
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T'azur named best takaful operatorT'azur Company, the Bahrain-based Islamic insurance company, was honoured with the prestigious ‘Best Takaful Operator’ award by CPI Financial, the international magazine for Islamic Business & Finance. “We are deeply honoured to re More… |
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Five new firms set to join UAE takaful marketFive new companies offering Islamic insurance, or takaful, are expected to launch in the United Arab Emirates by mid-2011, boosting competition, industry executives said. There are now six takaful companies in the UAE with a seventh to be More… |
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Adnic plans takaful, JVs to boost growthAbu Dhabi National Insurance Company (Adnic) plans to enter the Islamic insurance market and develop joint ventures with foreign partners to diversify away from investments and focus on core business to boost growth, its chief executive said. More… |
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UAE issues takaful law to regulate industryA new UAE law regulating the growing Islamic insurance industry will provide more transparency and oversight but the extra costs of compliance may drive consolidation in a fragmented market, lawyers said. The Islamic insurance, or takaful, More… |
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T’azur to provide medical insurance for GIB staffT’azur, an Islamic insurance company founded by Unicorn Investment Bank, has signed an agreement to provide medical insurance to Gulf International Bank's (GIB) employees and their families. Under the agreement, t’azur will provide mor More… |
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T’azur named best Islamic insurance companyT’azur Company, a Takaful (Islamic Insurance) company founded by Unicorn Investment Bank in Bahrain, has been named 'Best Islamic Insurance Company' as part of the prestigious Maqasid Al-Sharia CSR Awards. The award was presented t More… |
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T’azur gets Qatar Financial Centre licenceT’azur Company, a takaful (Islamic insurance) company headquartered in Bahrain, has secured a licence to operate a general takaful business in the Qatar Financial Centre (QFC). Founded in 2007 by Unicorn Investment Bank and a group of inst More… |
