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Takaful poised for big growthThe global takaful industry has witnessed tremendous growth in the last decade, rapidly becoming an increasingly important component of the Sharia-compliant banking and finance system, said a report. South East Asia, particularly More… |
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Takaful firm secures stable outlook ratingBahrain-based Takaful International Company (TIC) has secured a stable outlook projection, along with a 'B++' strength rating from ratings agency A M Best. The insurance firm said A M Best had endorsed the restoration of T More… |
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Experts to review global Takaful growthLeading players in the international takaful industry will take part in the 8th Annual World Takaful Conference (WTC 2013) to be held from April 15 to 16 at the Dusit Thani, Dubai. The event, co-located with the third Annual Middl More… |
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Solidarity names new deputy GMSolidarity General Takaful (SGT), a subsidiary of Solidarity Group Holding, has announced the appointment of Jawad Mohammed as deputy general manager. Mohammed was formerly heading business development at Solidarity and has been w More… |
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Solidarity opens new service centre in BahrainSolidarity General Takaful, a subsidiary of one of the largest Takaful groups in the world, Solidarity Group Holding, has opened its sixth Insurance Services Centre in Bahrain. It was inaugurated by Central Bank of Bahrain (CBB) e More… |
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Takaful first Tamkeen quiz winnerTakaful has emerged as the winner of the insurance quiz night in the inaugural challenge of the Tamkeen Business Quiz Show after competition between the company and its peers BNH, Ta'azur and Arig. The second night of the Tamk More… |
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Solidarity opens new insurance services unitSolidarity General Takaful, a subsidiary of one of the world's largest takaful groups Solidarity Group Holding, has opened its largest insurance services centre in Muharraq area of Bahrain, said a report. The centre was inaugu More… |
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IFSB issues draft standards on capital adequacyThe Islamic Financial Services Board (IFSB) released new draft guidelines on capital adequacy for Islamic banks and the risk management of takaful (Islamic insurance) companies, the industry body said in a statement on Thursday. T More… |
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Training programmes vital for takaful sectorThe takaful industry needs to strengthen the skills of human resources with requisite expertise in areas like life insurance, risk management and Sharia compliance, said a top Bahrain banking official. "The industry must focu More… |
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Proper regulator key to takaful successConsolidation is the way forward for the takaful industry, which is in need of a proper regulatory body to oversee enforceability of rules. "Any young industry always begins with mushrooming of various businesses," Ernst More… |
