Islamic insurance
Absa Group : acquired Takaful South Africa
Absa Group has acquired Takafol South Africa, which is the only company offering Islamic insurance in South Africa. The transaction amount has not been...
S&P : takaful insurance markets continue to grow despite operational differences
Despite ongoing, rapid growth in the Sharia-compliant insurance markets, Standard & Poor's Ratings Services recognizes that operational issues remain commonplace in the sector. This...
Global Islamic insurance market on the rise
Contributions drawn by the global Islamic insurance, or takaful, are expected to reach $12 billion in 2011, up from $9.15 billion last year, with...
Italy’s Generali eyes Islamic insurance venture
Italian insurance giant Generali is considering a possible joint venture with the Qatar Islamic Bank (QIB) in the high-growth sector of Islamic insurance, or...
Swiss Re has won Malaysian central bank approval to start up an Islamic reinsurance business
Swiss Re today announced that it has received a composite licence from Bank Negara Malaysia to write Retakaful business, and opened a dedicated Retakaful...
Salaam Halal insurance launches on moneysupermarket.com
Salaam Halal insurance is the UK’s first dedicated Islamic insurance provider set up to provide Islamic insurance based on the Shariah* principle of Takaful**....
