Latest in Tag: takaful Highlight

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Latest in Tag: takaful


New categories to be added to Takaful and Karama project: Ghada Waly

Minister of Social Solidarity Ghada Waly said in a statement on Monday that there will be new categories added to the Takaful and Karama (Solidarity and Dignity) social protection project for the first time since its launch. Around 1.5 million families of those unable to work will be added to the project, which will be …

Sarah El-Sheikh

International Cooperation Ministry to increase support for Takaful, Karama programmes to include 1.7m families

Minister of International Cooperation Sahar Nasr said the government aims to achieve three key elements: boosting economic growth and GDP rates by working to create new jobs and support micro, small-, and medium-sized enterprises (MSME); supporting youth through training, rehabilitation, and skill development programmes; and eroding poverty and providing social protection for the most vulnerable …

Daily News Egypt

Kuwait’s takaful firms struggle in crowded market

Reuters – Kuwait’s first Islamic insurer was born 14 years ago, but its takaful firms are still struggling in a crowded market that faces cut-throat competition. This has led to stagnant growth and persistent losses for takaful firms operating in Kuwait, one of the world’s richest countries on a per capita basis, raising doubts about …

Daily News Egypt

Bahrain aims for new business with Takaful, sukuk rules

Reuters – Bahrain’s central bank will release a new regulatory framework for Islamic insurance (takaful) this quarter, in an overhaul of standards which the regulator hopes will attract new business in a sector it helped to pioneer. The kingdom has been a major hub for Islamic finance in the Gulf but in the last few …

Daily News Egypt

Analysis: Slower takaful growth prompts strategy rethink

By Bernardo Vizcaino / Reuters DUBAI: Growth of the takaful or Islamic insurance business is slowing, industry statistics show, increasing pressure on the sector to boost efficiency, roll out new products and explore new markets. Takaful, which has its core markets in the Gulf and southeast Asia, is one bellwether of consumer appetite for Islamic …

DNE

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