Looking forward, IMARC Group expects the Malaysia and Indonesia takaful market to continue its strong gro...
Takaful: Bank Negara Malaysia releases financial reporting policy for ...
Takaful: Bank Negara Malaysia releases financial reporting policy for takaful operators
Bank Negara Malaysia (BNM), the central bank of the southeast Asian country, has published a policy document that sets out revised requirements...
Article / 4 days ago
Malaysia: Insurance & takaful market remains resilient despite uncerta...
Malaysia: Insurance & takaful market remains resilient despite uncertainties
The insurance and takaful sector in Malaysia is expected to remain resilient despite volatilities on the investment front and the normalisation of claims...
Article / 9 days ago
Qatar: Islamic insurer's surplus-generating ability sustains takaful m...
Qatar: Islamic insurer's surplus-generating ability sustains takaful model
Qatar Islamic Insurance Group (QIIG) employs a hybrid takaful model, whereby the shareholders' fund charges the policyholders' fund a wakala fee based on gross written co...
Article / 13 days ago
Morocco: Supreme Council of Ulemas approves 7 types of takaful contrac...
Morocco: Supreme Council of Ulemas approves 7 types of takaful contracts
The Supreme Council of Ulemas has issued its nod to seven categories of standard takaful contracts, including that of death insurance. The move will accelerate the market...
Article / 13 days ago
Malaysia: Takaful penetration rate soars in 2021
Malaysia: Takaful penetration rate soars in 2021
Malaysia's takaful industry penetration rate rose to 18.6% last year from 16.9% recorded in 2020, according to the Malaysian Takaful Association (MTA)...
Article / 25 days ago
UAE: Shareholders of 2 major takaful companies vote 'Yes" to merger to...
UAE: Shareholders of 2 major takaful companies vote 'Yes" to merger to create giant Islamic insurer
Shareholders of two of the UAE's largest Islamic insurance companies, Dubai-based Dar Al Takaful (DAT) and Abu Dhabi-based Watania, have voted in favour...
Article / 25 days ago
Algeria: Supporting tax and regulatory frameworks needed for takaful t...
Algeria: Supporting tax and regulatory frameworks needed for takaful to thrive
The introduction of takaful alone in Algeria will not be enough to enhance the attractiveness of the insurance and banking sectors, Mr Hassen Khelifati, chairman and CEO ...
Article / 26 days ago
Pakistan: Salaam Takaful offers parametric-based crop takaful coverage
Pakistan: Salaam Takaful offers parametric-based crop takaful coverage
Salaam Takaful, the largest general takaful operator and the first Islamic InsurTech in Pakistan, has added parametric crop takaful to its portfolio.,,
Article / 1 month ago
Mutuals and takaful: ICMIF reports strong growth by member companies
Mutuals and takaful: ICMIF reports strong growth by member companies
Seventy percent of members of International Cooperative and Mutual Insurance Federation (Icmif) exceeded their local market's annual growth...
Article / 1 month ago
IFSB issues exposure draft on takaful core principles
IFSB issues exposure draft on takaful core principles
The Islamic Financial Services Board (IFSB) has issued its Exposure Draft of Core Principles for Islamic Finance Regulation (Takaful Segment) for Public Consultation...
Article / 2 months ago