Insurance
Regulation, Risk & Compliance
Uncategorized
Salama announces AED11.5 million surplus distribution to Takaful policyholders for 2019
Islamic Arab Insurance Company has announced a payment of surplus (cash returns) of AED11.5 million to eligible group credit life policyholders for the policy year 2019, demonstrating a good half year of profitable growth. Surplus sharing is a unique benefit of the Takaful concept of insurance in comparison to conventional…
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Source: Islamic Arab Insurance Company (“SALAMA”)