Gross premiums/contributions generated by Bahrain’s domestic insurance sector amounted to BD272.09 million ($721.72 million) in 2015, compared to BD273.95 million ($726.66 million) in 2014, a Central Bank of Bahrain (CBB) report said.
Al Salam Bank-Bahrain, one of the pioneering Sharia compliant banks in the kingdom, has signed a strategic agreement with Takaful International, one of the leading insurers.
This agreement paves the way for the bank to offer both
Bahrain’s Takaful International has reported a total profit of BD136,000 ($358,000) for the first quarter of the year as against a loss of BD181,000 for the same period last year, reported the Gulf Daily News, our sister publicati
More than 300 takaful industry leaders from the Middle East, East Asia, Europe and Africa convened at the ongoing World Takaful Conference (WTC) in Dubai, UAE.
The 11th edition of the conference will conclude o
Solidarity General Takaful, a subsidiary of Solidarity Group Holding, has reported a net profit of $1.5 million last year, as compared to $1.4 million in 2014, a 11.5 per cent increase.
SGT also announced seven
Takaful Emarat, the DFM-listed, shariah-compliant life and health takaful provider, has posted net profit of Dh10.21 million ($2.7 million) for last year, up 42 per cent, as compared to Dh7.18 million the previous year.
Takaud, a top savings solutions provider, and Takaful International, Bahrain’s leading Islamic insurance company, have partnered to provide Takaful’s individual and corporate life insurance clients with innovative Sharia-compliant in
Takaful Emarat, the Dubai Financial Market-listed, shariah-compliant life and health insurer, has raised Dh50 million ($13.6 million) during the first tradable rights issue for a takaful insurance company in the UAE.
Bahrain-based Takaful International Company, a shariah-compliant insurance provider, has reported a net profit of BD196,000 ($515,857) for the third quarter this year when compared with BD138,000 for the same period last year. A statement said
Takaful Emarat, a Dubai Financial Market-listed, shariah-compliant life and health takaful provider, has invited shareholders to subscribe to its rights issue, which will increase its capital by Dh50 million ($13.6 million) initially.