Looking forward, IMARC Group expects the Malaysia and Indonesia takaful market to continue its strong gro...
Oman: Listed takaful operators increase market share in 2021
Al Madina Takaful (AMAT) and Takaful Oman Insurance (TAOI) have posted combined contributions of OMR70.8m ($183.9m) for 2021, representing growth of 9% over 2020...
Al Madina Takaful (AMAT) and Takaful Oman Insurance (TAOI) have posted combined contributions of OMR70.8m ($183.9m) for 2021, representing growth of 9% over 2020...
Article / 30 days ago
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 contributions...
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 contributions...
Article / 2 months ago
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)...
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 / 2 months ago
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...
Seventy percent of members of International Cooperative and Mutual Insurance Federation (Icmif) exceeded their local market's annual growth...
Article / 3 months ago
UAE: Abu Dhabi National Takaful posts bigger profits in 2021 despite lower gross contributions
Abu Dhabi National Takaful Company (ADNTC) reported profit for the financial year ended 31 December 2021 of AED88.0m, 12.3% higher than...
Abu Dhabi National Takaful Company (ADNTC) reported profit for the financial year ended 31 December 2021 of AED88.0m, 12.3% higher than...
Article / 3 months ago
Algeria: Insurance market sees growth of over 4% in 2021
The Algerian market is estimated to have grown by 4% in 2021, Mr Benmicia Youcef, president of the Algerian Union of Insurance and Reinsurance Companies (UAR) has said, citing assessments...
The Algerian market is estimated to have grown by 4% in 2021, Mr Benmicia Youcef, president of the Algerian Union of Insurance and Reinsurance Companies (UAR) has said, citing assessments...
Article / 6 months ago
Malaysia: Insurance & takaful sector resilient in face of financial market volatility
Financial market volatility and prospects of rising bond yields will continue to weigh on earnings of insurers and takaful...
Financial market volatility and prospects of rising bond yields will continue to weigh on earnings of insurers and takaful...
Article / 9 months ago
Qatar: Takaful operators post US$41m in insurance surplus in 2020
Takaful companies in Qatar reported an annual insurance surpluses amounting to QAR149m ($41m) for 2020, according to...
Takaful companies in Qatar reported an annual insurance surpluses amounting to QAR149m ($41m) for 2020, according to...
Article / 9 months ago
GCC: Takaful insurers face rising claims amid stiff competition, declining 1H profits
The profits of the Islamic insurance (takaful) providers in the Gulf Cooperation Council (GCC) countries deteriorated...
The profits of the Islamic insurance (takaful) providers in the Gulf Cooperation Council (GCC) countries deteriorated...
Article / 9 months ago
Global: Islamic insurance market wards off impact of COVID-19
Takaful undertakings will not have suffered materially on the underwriting side of the business from the COVID-19 pandemic, and this...
Takaful undertakings will not have suffered materially on the underwriting side of the business from the COVID-19 pandemic, and this...
Article / 10 months ago
