TARSIM, the Agricultural Insurance Pool, has paid out TRY39m ($1.2m) to greenhouse producers in the south...
Global takaful market exceeds US$30bn and continues growing
The takaful sector remains a small player within Islamic finance, accounting for less than 2% of the total market. Despite this, the global takaful market surpassed $30bn in 2023, according to the Arab Monetary Fund (AMF).
The takaful sector remains a small player within Islamic finance, accounting for less than 2% of the total market. Despite this, the global takaful market surpassed $30bn in 2023, according to the Arab Monetary Fund (AMF).
Article / 22 hours ago
Algeria: Prospects seen as upbeat for takaful business
Takaful, an emerging insurance branch gaining ground in Algeria, is expected to increase its share of the insurance market thanks to growing demand boosted by the benefits introduced by the 2024 finance law...
Takaful, an emerging insurance branch gaining ground in Algeria, is expected to increase its share of the insurance market thanks to growing demand boosted by the benefits introduced by the 2024 finance law...
Article / 16 days ago
Indonesia: 32 out of 42 Shariah insurance units to be spun off into takaful companies
As many as 32 takaful windows or Shariah business units (UUS) of insurance and reinsurance companies in Indonesia will be spun off...
As many as 32 takaful windows or Shariah business units (UUS) of insurance and reinsurance companies in Indonesia will be spun off...
Article / 22 days ago
UAE: Credit loss provision contributes to SALAMA's red ink in 2023
Islamic Arab Insurance Company, listed as SALAMA on the Dubai Financial Market, posted a net loss of AED139.33m ($37.94m) for the 2023 financial year, compared to a net profit after tax of AED35.44m...
Islamic Arab Insurance Company, listed as SALAMA on the Dubai Financial Market, posted a net loss of AED139.33m ($37.94m) for the 2023 financial year, compared to a net profit after tax of AED35.44m...
Article / 22 days ago
Egypt: Wethaq Takaful plans to start oil & gas insurance operations in April
Wethaq Takaful Insurance Company Egypt has developed an integrated plan to underwrite insurance for the oil & gas industry...
Wethaq Takaful Insurance Company Egypt has developed an integrated plan to underwrite insurance for the oil & gas industry...
Article / 29 days ago
Indonesia: Islamic insurance association looks to halal ecosystem to support takaful growth
The Indonesian Shariah Insurance Association (AASI) is seeking support that can be lent by the halal ecosystem to expand shariah insurance business...
The Indonesian Shariah Insurance Association (AASI) is seeking support that can be lent by the halal ecosystem to expand shariah insurance business...
Article / 30 days ago
Malaysia: Leading takaful company posts higher revenue and profits in 2023
Syarikat Takaful Malaysia Keluarga (Takaful Malaysia) has posted consolidated takaful revenue of MYR2,942.1m ($621m) for the financial year ended 31 December 2023...
Syarikat Takaful Malaysia Keluarga (Takaful Malaysia) has posted consolidated takaful revenue of MYR2,942.1m ($621m) for the financial year ended 31 December 2023...
Article / 1 month ago
Bahrain: GIG Takaful posts 9% increase in net profit attributable to shareholders in 2023
Takaful International, which is a subsidiary of GIG Bahrain, has posted a net profit attributable to shareholders of BHD937,289 ($2.48m), in 2023, compared to BHD858,000 in 2022, representing an increase of 9%...
Takaful International, which is a subsidiary of GIG Bahrain, has posted a net profit attributable to shareholders of BHD937,289 ($2.48m), in 2023, compared to BHD858,000 in 2022, representing an increase of 9%...
Article / 1 month ago
Oman Re clinches retakaful window licence
Oman Re, the sole reinsurer in the Sultanate of Oman, received a retakaful window licence from the Capital Market Authority on 22 February 2024, the company announced in a statement.
Oman Re, the sole reinsurer in the Sultanate of Oman, received a retakaful window licence from the Capital Market Authority on 22 February 2024, the company announced in a statement.
Article / 2 months ago
Qatar: Takaful operators report encouraging results in 2023
Qatar's listed takaful operators have reported promising preliminary results in the past year, according to statements by the companies lodged with the Qatar Stock Exchange...
Qatar's listed takaful operators have reported promising preliminary results in the past year, according to statements by the companies lodged with the Qatar Stock Exchange...
Article / 2 months ago
