The Turkish Islamic finance industry is projected to reach USD100 billion over the next few years after c...
Malaysia: New InsurTech platform receives approval to start ops
insureKU, an end-to-end digital insurance and takaful aggregation platform, has received received Bank Negara Malaysia's approval to begin operations....
insureKU, an end-to-end digital insurance and takaful aggregation platform, has received received Bank Negara Malaysia's approval to begin operations....
Article / 9 days ago
Global takaful market exceeds US$30bn and continues growing
The takaful sector remains a small player within Islamic finance, accounting for less than 2% of the total market. Despite this, the global takaful market surpassed $30bn in 2023, according to the Arab Monetary Fund (AMF).
The takaful sector remains a small player within Islamic finance, accounting for less than 2% of the total market. Despite this, the global takaful market surpassed $30bn in 2023, according to the Arab Monetary Fund (AMF).
Article / 15 days ago
National church insurer hits back as ex-VP mounts takeover bid, plans Islamic insurance launch
We are "financially strong" and "not for sale," Church Mutual insists...
We are "financially strong" and "not for sale," Church Mutual insists...
Article / 20 days ago
Algeria: Prospects seen as upbeat for takaful business
Takaful, an emerging insurance branch gaining ground in Algeria, is expected to increase its share of the insurance market thanks to growing demand boosted by the benefits introduced by the 2024 finance law...
Takaful, an emerging insurance branch gaining ground in Algeria, is expected to increase its share of the insurance market thanks to growing demand boosted by the benefits introduced by the 2024 finance law...
Article / 1 month ago
Indonesia: 32 out of 42 Shariah insurance units to be spun off into takaful companies
As many as 32 takaful windows or Shariah business units (UUS) of insurance and reinsurance companies in Indonesia will be spun off...
As many as 32 takaful windows or Shariah business units (UUS) of insurance and reinsurance companies in Indonesia will be spun off...
Article / 1 month ago
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 / 1 month ago
Egypt: Wethaq Takaful plans to start oil & gas insurance operations in April
Wethaq Takaful Insurance Company Egypt has developed an integrated plan to underwrite insurance for the oil & gas industry...
Wethaq Takaful Insurance Company Egypt has developed an integrated plan to underwrite insurance for the oil & gas industry...
Article / 1 month ago
Indonesia: Islamic insurance association looks to halal ecosystem to support takaful growth
The Indonesian Shariah Insurance Association (AASI) is seeking support that can be lent by the halal ecosystem to expand shariah insurance business...
The Indonesian Shariah Insurance Association (AASI) is seeking support that can be lent by the halal ecosystem to expand shariah insurance business...
Article / 1 month 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 / 2 months 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 / 2 months ago