The Turkish Islamic finance industry is projected to reach USD100 billion over the next few years after c...
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 / 17 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 / 30 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 / 1 month 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
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 / 3 months ago
Malaysia: Insurance and takaful market to grow modestly in 2024
The Malaysian insurance and takaful sectors are expected to experience modest growth in demand for coverage in 1H2024 due to uncertainties of interest...
The Malaysian insurance and takaful sectors are expected to experience modest growth in demand for coverage in 1H2024 due to uncertainties of interest...
Article / 3 months ago
Malaysia: Takaful market sees strong growth post-COVID
The takaful industry posted a strong growth in 2022 on the back of the country's post-lockdown recovery phase, says the Malaysian Takaful Association (MTA)...
The takaful industry posted a strong growth in 2022 on the back of the country's post-lockdown recovery phase, says the Malaysian Takaful Association (MTA)...
Article / 1 year ago
Tunisia: At-Takafulia generates a profit of nearly TND1m in 2022
The company La Tunisenne des Assurances Takaful "At-Takafulia" has posted a net profit of TND990,000 ($319,000) for 2022...
The company La Tunisenne des Assurances Takaful "At-Takafulia" has posted a net profit of TND990,000 ($319,000) for 2022...
Article / 1 year ago
GCC: Takaful insurers' weakening profit highlights sector challenges
Expectations are that providers of Islamic insurance (takaful) in the Gulf Cooperation Council (GCC) countries will report a decline in their combined net income...
Expectations are that providers of Islamic insurance (takaful) in the Gulf Cooperation Council (GCC) countries will report a decline in their combined net income...
Article / 1 year ago
Malaysia: Syarikat Takaful Malaysia Keluarga's revenue surges to record-high in 2022
Syarikat Takaful Malaysia Keluarga, Malaysia's first takaful operator, has hit a record-breaking operating revenue of MYR3.76bn ($842.7m) for the...
Syarikat Takaful Malaysia Keluarga, Malaysia's first takaful operator, has hit a record-breaking operating revenue of MYR3.76bn ($842.7m) for the...
Article / 1 year ago
