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IADI, IFSB to develop Islamic insurance systemsThe International Association of Deposit Insurers (IADI) and the Islamic Financial Services Board (IFSB) have partnered to develop, and promote technical standards for the implementation of effective Islamic deposit insurance systems. More… |
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Morocco to regulate Islamic insuranceMorocco's government has adopted a bill to regulate Islamic insurance, legislation that will face a final vote by parliament later this year, a cabinet statement said. It is the last step in Morocco's legislative package t More… |
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UAE Islamic insurers ‘considering mergers’Several Islamic insurers in the United Arab Emirates are seeking guidance from the UAE Insurance Authority on the possibility of mergers and acquisitions in the sector, Ibrahim Al Zaabi, director-general of the authority, told Reuters on Monday. More… |
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Islamic insurance focus for Bahrain meetMore than 250 leading players, key regulators and thought leaders in the regional Islamic insurance industry will gather tomorrow (October 13) in Bahrain as a major two-day takaful forum gets underway. The theme of third annual Mi More… |
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Bahrain aims for new business with takaful, sukuk rulesBahrain's central bank will release a new regulatory framework for Islamic insurance (takaful) this quarter, in an overhaul of standards which the regulator hopes will attract new business in a sector it helped to pioneer. The More… |
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Experts discuss ways to boost Takaful efficiencySuccess in the takaful market is contingent on products with significant value propositions, transparency and adoption of best practices, experts said yesterday at the opening of a forum. Convened under the patronage of the Centra More… |
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Bahrain Islamic insurance market grows 10-foldBahrain has registered a 25 per cent growth in Islamic insurance (takaful) at the international level, generating $133.5 million by the end of 2012, according to recent statistics. This means that the takaful market in Bahrain has More… |
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Islamic insurance sector posts 25pc growthThe Islamic insurance market is now worth something in the region of $11 billion and is growing at a rate of 20 to 25 per cent a year, said financial experts. Takaful International now has some BD210 million ($557 million) of the insurance More… |
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Takaful summit to open in Dubai tomorrowMore than 350 global Takaful leaders will gather in Dubai at a conference starting tomorrow (April 10) to discuss the next phase of market development for the international Islamic insurance industry. The sixth annual World Takaful Confere More… |
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Aman posts 32pc rise in Q4 profitsDubai Islamic Insurance and Reinsurance Company (Aman), has recorded a 32 per cent increase in profits in the fourth quarter of 2010 as compared to the third quarter. The company has also posted a net profit of Dh21.18 million ($5.76 milli More… |
