Thursday 2 April 2015
 
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Takaful

Wethaq Takaful Egypt to launch 2 real estate funds

Wethaq Takaful Insurance - Egypt is set to launch two real estate funds to pump investments up to 500 million Egyptian pounds ($65.5 million) within 2016, according to a report. The funds will include real estate investments varie

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Wethaq Takaful Egypt to launch 2 real estate funds

Wethaq Takaful Insurance - Egypt is set to launch two real estate funds to pump investments up to 500 million Egyptian pounds ($65.5 million) within 2016, according to a report. The funds will include real estate investments varie

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New takaful model on way in Bahrain

A new takaful (Islamic insurance) model is being implemented by the Central Bank of Bahrain (CBB) this month onwards and is expected to attract new entrants to the market and foster competition. Speaking at the opening of the 11th

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UAE sets investment limits for insurance firms

The United Arab Emirates Insurance Authority has issued new rules for conventional and Islamic insurance (takaful) firms, clarifying policyholders' rights and setting investment limits for the sector, the regulator said on Monday.

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Solidarity launches key online insurance service

Solidarity General Takaful (SGT), a subsidiary of Solidarity Group Holding, has officially launched its online insurance services portal. The online insurance service, online.solidarity.bh, will enable its users to obtain with a c

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Takaful premiums post 7pc growth in Bahrain

Increasing demand for Sharia-compliant insurance in Bahrain has led to takaful premiums growing more than seven per cent last year, it has emerged. According to Central Bank of Bahrain (CBB) executive director of financial institu

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GCC takaful contribution to hit $8.9 billion this year

GCC's gross takaful contribution is estimated to reach around $8.9 billion in 2014 from an estimated $7.9 billion last year, according to a new report. Global Takaful Insights 2014, the latest report from EY, a multinational p

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Watania wins approval for 60.53pc stake sale

Abu Dhabi-listed Islamic insurer National Takaful Company (Watania) said on Tuesday that UAE regulators had approved the sale of 60.53 percent of the firm to MB UAE Investments and an affiliate of MB. In a bourse filing, Watania s

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Ratings boost for Solidarity Takaful unit

Solidarity General Takaful, a subsidiary of the largest takaful groups in the world, Solidarity Group Holding, was assigned financial strength rating of B++ (good) and insurer credit rating of "bbb" by AM Best, both with a stable outlo

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Takaful industry in focus at Dubai forum

Leading industry players, thought leaders and key regulators in the international Takaful (Islamic insurance) industry will discuss key challenges for operators at a conference in Dubai next month.   The ninth an

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