Insurance companies in Turkiye paid out a cumulative TRY50bn ($2.6bn at February 2023 exchange rates) in ...
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 / 1 day 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 / 2 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 / 7 days 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 / 9 days 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 / 22 days 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 / 30 days ago
Morocco: Takaful market faces constraints on growth
Takaful insurance in Morocco faces significant challenges that hinder its development, according to a recent analysis by the market research firm, BMCE Capital Global Research (BKGR).
Takaful insurance in Morocco faces significant challenges that hinder its development, according to a recent analysis by the market research firm, BMCE Capital Global Research (BKGR).
Article / 1 month ago
Nigeria: Regulator gives green light to Crown Takaful Insurance to start operations
Crown Takaful Insurance has received a licence from the National Insurance Commission (NAICOM) to commence business.
Crown Takaful Insurance has received a licence from the National Insurance Commission (NAICOM) to commence business.
Article / 2 months ago
UAE: Profit of takaful sector hit by investment performance in 2022
Takaful insurance companies posted an overall loss of AED14m ($3.8m) in 2022, contrasting with a profit of AED93m in 2021, according to the Central Bank of the UAE (CBUAE)...
Takaful insurance companies posted an overall loss of AED14m ($3.8m) in 2022, contrasting with a profit of AED93m in 2021, according to the Central Bank of the UAE (CBUAE)...
Article / 2 months ago
Malaysia: InsurTech gets green light to establish takaful and retakaful operations
Kuala Lumpur-based PolicyStreet, a regional InsurTech company, has secured approval from the Labuan Financial Services Authority (LFSA) to commence takaful and retakaful operations.
Kuala Lumpur-based PolicyStreet, a regional InsurTech company, has secured approval from the Labuan Financial Services Authority (LFSA) to commence takaful and retakaful operations.
Article / 3 months ago