Doga to launch Turkey's first Islamic insurance product
Turkey's Doga Group plans to enter the takaful, or Islamic insurance, market in the coming months with what would be…
Insurance
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GCC insurance industry value triples – premiums increase to $18.4 billion
The Bancassurance MENA Summit opened with a critical regulatory update by Prasanna Seshachellam, Director, Supervision at Dubai Financial Services Authority…
Abu Dhabi National Takaful Company Reports Full Year 2014 Net Profit
Abu Dhabi National Takaful Company P.S.C, reported its financial results for the year ended 31 December 2014 with a net…
Global law firm continues development in Middle East
Holman Fenwick Willan has announced several developments to its Middle East practice in support of its continuing investment in the…
Coface & Oman Insurance enter partnership to offer credit insurance solutions
Coface, global credit insurance leader and Oman Insurance Company, the Dubai-based leading insurance provider in the UAE, have signed a…
Beema’s profit touches QR40m
The net profit of the shareholders of Damaan Islamic Insurance’s (Beema) touched QR40m for the full-year 2014, up from QR30m…
Takaful Insurance Law to help economic recovery of Oman
To meet the demands of nationals, the State Council has approved the draft Takaful Insurance Law, said a top State…
BIA elects new board
Yahya Nooruddin has been elected as the chairman of the board of directors of Bahrain Insurance Association (BIA), with Yasser…
Oman Insurance Company posts strong growth in 2014
Oman Insurance Company’s gross written premium grew by 11.3 per cent in 2014 reaching AED 3.25 billion. The significant increase…
Gulf Insurance Group reports 2014 net profit of KWD 12 million
The Board of Directors has recommended the distribution of 33 per cent cash dividend (33 fils per share) for the…
New solvency standards among updated regulations for UAE traditional and Islamic insurers
Detailed new rules published by the regulator will apply to both traditional and Islamic 'takaful' insurers. They cover technical provisions,…
New rules to align UAE insurers with European solvency requirements
The United Arab Emirates Insurance Authority has issued new rules for conventional and Islamic insurance (takaful) firms, clarifying policyholders' rights…