Takaful firm secures stable outlook rating
Manama, March 28, 2013
Bahrain-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 Takaful's financial strength and stability throughout the years, and growth in all spheres of insurance activity, according to a report in our sister publication, the Gulf Daily News.
"This reflects the level of performance and enhancement of opportunities in insurance investment," Takaful International chief executive Younis Al Sayed said, asserting that the company was eyeing large-scale projects, staying consistent with its vision.
"We are proud of maintaining Takaful International in this category, in spite of the current world economic crisis in insurance and financial markets," Al Sayed added.
Takaful International Company which was founded in 1989 and the first Islamic insurance company in the region that provides services and a variety of insurance coverage is fully compatible with the foundations of Sharia and the requirements of this era. – TradeArabia News Service