Takaful
Post magazine - 24 May 2012
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Banking duo plan to launch Azerbaijan's first Islamic insurer
Azerbaijan-based Amrahbank is to establish the country's first Islamic insurer in conjunction with the Islamic Corporation for the Development of the Private Sector, according to local media reports.
AAOIFI plans reform of takaful standards
Khaled Al Fakih, the new secretary-general of the Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions, outlined plans for a sweeping review of its guidelines in an interview with Reuters.
Nearly 80% of Islamic firms created a risk department in the past five years
The number of Islamic financial institutions employing dedicated risk managers has increased greatly since 2007, according to Deloitte Middle East's first Islamic Finance Risk Intelligence report.
Insurance Insight – top 10 stories
The top 10 most popular articles published on insuranceinsight.eu over the past seven days.
Globaleye recruits new MD from Noor Takaful
International wealth management company Globaleye has appointed Jawaid Tabassum as general manager for its general insurance and employee benefits department in the United Arab Emirates.
Takaful to grow to $12bn this year
Saudi cooperatives account for $4.3bn, or 52%, of global Takaful contributions.
Fringe markets to drive takaful gross contributions to $12bn
Global takaful contributions grew by 19% to $8.3bn in 2010, according to Ernst & Young's World Takaful Report 2012.
Argo appoints Jameel in Dubai
Argo Group International Holdings has appointed Nasurudeen Jameel as a senior casualty and professional underwriter for Argo Re (DIFC) in Dubai.
Islamic Financial Services Board admits five new members
The Islamic Financial Services Board has admitted five new organisations into its membership.
Takaful Emerat launches manual labourers' heath product
Life and health provider Takaful Emerat has created a shariah-compliant corporate health plan for low income workers.
In Series: Emerging Markets - MENA means business
Despite growing competition in the Middle East and North Africa from local providers, there are still opportunities for foreign insurers in the market
In Series: Emerging Markets - MENA means business
Despite growing competition in the Middle East and North Africa from local providers, there are still opportunities for foreign insurers in the market
Takaful growth attracts domestic and multinational providers
Takaful insurance across the Middle East and South East Asia has seen rapid growth over the past five years. Francesca Nyman reports on what the future looks like for this sector.
First Insurance reports 25% premium growth
Jordan-based takaful provider First Insurance Cpany reported premium growth of 25% in its full year results for 2011.
85% of Omani consumers want Islamic finance products
There is strong appetite among Omani consumers for Islamic finance with many keen to take it up as soon as it becomes available on the market, according to a study published by the Islamic Finance Advisory & Assurance Services.
AM Best affirms Asia Capital Reinsurance Group FSR
Asia Capital Reinsurance Group has had its financial strength ratings affirmed along with core subsidiaries.
MENA Insurance think tank welcomes three CEOs
MENA Insurance CEO Club has welcomed three industry veterans to its exclusive club, taking the total to 17.
Lord Sheikh: Iqra Ethical gearing up for new year launch
Lord Mohamed Sheikh has vowed to launch Takaful insurance business Iqra Ethical in the new year — more than two years after it was registered at Companies House.
R&Q buys Takaful run-off firm Principle
Run-off specialist Randall & Quilter is to buy Principle Insurance, the UK Takaful motor insurer put into run-off in October 2009, for £4.275m.
Guest Blog: Middle East: Emerging or developed?
To understand where the Middle East insurance markets are heading you first have to look at where they are coming from.
Takaful insurance: A future full of potential
Despite the failure of the first domestic Shariah compliant insurer, the Takaful market is predicted to have a great future. Sam Barrett looks at its potential for growth.
Global Takaful contributions set to rise
Global Takaful contributions are expected to reach US$12bn by the end of the year, according to analysis by Ernst & Young.
GNL moves to create Takaful and Re-Takaful panel
New Shariah-compliant insurance broker GNL is planning to create a panel of insurers and reinsurers to work on Takaful and Re-Takaful commercial risk solutions.