KUALA LUMPUR: Sun Life Malaysia Takaful Bhd (Sun Life Takaful), which signed a four-year bancatakaful agreement with Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) yesterday, expects to rake in RM150 million in premiums a year from subscriptions via the lender. The partnership between the two parties started in March 2013, with the introduction of Reducing …
takaful
Takaful Industry Offers Lucrative Opportunities, Says Takaful Ikhlas
KUALA LUMPUR, Oct 11 (Bernama) — The takaful industry offers lucrative opportunities as the takaful penetration rate is only 14 per cent nationwide, said Takaful Ikhlas Sdn Bhd Chief Commercial Officer, Family Takaful, Wan Rosli Shaharuddin Wan Yaacob. “There are many opportunities not only for agents but also for young entrepreneurs looking to supplement their …
Takaful Industry Offers Lucrative Opportunities, Says Takaful IkhlasRead More
Wethaq Takaful Egypt Eyes Launch Of Two Real Estate Funds In 2016
Wethaq Takaful Insurance – Egypt plans to establish two real estate funds aimed to pump investments expected to reach 500 million Egyptian pounds (US$65.5 million) within 2016, chairman announced. According to Wethaq’s chairman Antar Gad, the two funds will include real estate investments varied between administrative and residential facilities. The official further stated that his …
Wethaq Takaful Egypt Eyes Launch Of Two Real Estate Funds In 2016Read More
Amundi’s CIO Braces For 4% Sukuk Yields On Oil: Islamic Finance
Islamic global bond yields may rise more than one percentage point next year to approach 4 percent on a double blow from falling oil prices and rising U.S. borrowing costs, Amundi Asset Management says. The average yield on dollar sukuk has climbed 23 basis points to 2.99 percent so far in December, heading for the …
Amundi’s CIO Braces For 4% Sukuk Yields On Oil: Islamic FinanceRead More
Deloitte Launches The 2014 Takaful Insurance Report In Islamic Finance
Despite the global Takaful insurance market exhibiting impressive double digit growth of 18% over the period 2007-2012, the regulatory environment remains a work in progress and faces the challenge of inconsistency and conflicting interpretation across jurisdictions. An executive roundtable jointly hosted by Deloitte Middle East and IRTI-IDB Group on November 30, 2014 in Dubai brought …
Deloitte Launches The 2014 Takaful Insurance Report In Islamic FinanceRead More
Turkey Championing Islamic Insurance
Sharia-compliant insurance, or takaful, is set to grow in Turkey, with its predominantly Muslim population showing increasing interest in Islamic finance products and the government keen to support their growth. Insurance of any kind can be a hard sell in Turkey, with the population generally averse to insurance cover and penetration levels as low as …
Islamic Insurance Growth Faces Roadblocks: Report
DUBAI, While the Gulf Arab states increased market penetration with Islamic insurances, also called Takaful, Malaysia continues to lead the global Takaful industry while Takaful operators face the problem of over-regulation and resource scarcity, said the 2nd Takaful report by consultancy Deloitte released here on Sunday. According to the study, the global Takaful industry from …
UAE, Saudi Arabia Offer Opportunities For The Islamic Insurance Sector
According to the EY report Waves of change: The shifting insurance landscape in rapid-growth markets, significant opportunities for growth are present in emerging markets such as Saudi Arabia and the UAE. Gordon Bennie, EY MENA Financial Services Leader, said, “Islamic Insurance market growth has accelerated in countries where penetration rates were once low, such as …
UAE, Saudi Arabia Offer Opportunities For The Islamic Insurance SectorRead More
Takaful Industry Expanding In Africa
Takaful or Insurance in conventional terms has been gaining traction for the past few years as most of us need some kind of insurance against natural calamities. Hassan Bashir, Founder of Takaful Insurance of Africa, says the Kenya-based company’s products can bring possibilities to many and are not exclusively for people of the Muslim faith. …
UAE: Watania’s Majority Shareholders To Sell Stakes
Abu Dhabi-listed Islamic insurer National Takaful Company (Watania) said on Sunday its majority shareholders had agreed to sell stakes to strategic investors from the Gulf region, but did not name the selling or buying parties. In a short bourse filing, Watania said the deal was subject to regulatory approvals. It did not disclose the value …
UAE: Watania’s Majority Shareholders To Sell StakesRead More
