Saturday 29 November 2014
 
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Takaful

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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Consolidation push paying off for Bahrain banks

The Central Bank of Bahrain (CBB) has encouraged banking consolidation, which to date has resulted in the merger of 10 banks, creating stronger and well-capitalised financial institutions, said CBB Governor Rasheed Al Maraj. Al Ma

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Kuwait's takaful firms struggle in crowded market

Kuwait's first Islamic insurer was born 14 years ago, but its takaful firms are still struggling in a crowded market that faces cut-throat competition. This has led to stagnant growth and persistent losses for takaful firms op

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Bahrain draws up new Takaful model

Bahrain will have a new takaful model by the end of the first quarter, said a top regulatory official. Central Bank of Bahrain executive director for financial institutions supervision Abdul Rahman Al Baker said changes to the exi

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Ithmaar inks key Takaful agreement with Solidarity

Bahrain-based Islamic retail lender Ithmaar Bank said it has signed a MoU with largest Takaful group Solidarity to offer its premier members exclusive insurance rates. With this deal, Ithmaar Premier members can now enjoy discount

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