takaful

About 80 students from low-income families who attend the SMK Mohd Khalid secondary school recently attended a workshop organized by ICMIF member organization Etiqa Insurance and Takaful at their school in Johor Bahru, a city in southern Malaysia.

The one-day workshop was held to provide the students with “smart study” skills and the other skills that would help the students to be good...

Sri Lankan ICMIF member, Amãna Takaful, recently held a draw for its Adhyapana and Edukate policyholders to celebrate World Children’s Day which this year had the theme “Protect us with love”. World Children’s Day is celebrated globally but usually on different days in each country. For Sri Lanka in 2014 the day was celebrated on Wednesday 1 October. Amãna Takaful describes itself as the only...

The second GTG/ICMIF/IFTI Takaful Seminar, organised jointly by the three organizations, will take place on 17 & 18 February 2014 in Khartoum, Sudan. The seminar will be hosted by the Association of Sudanese Insurance and Reinsurance Companies (ASIRC) with the theme “Takaful for tomorrow: Growing with substance”.

The seminar agenda will include a half day Islamic Financial Services...

The joint publication from GTG, ICMIF and IFTI

The joint publication from GTG, ICMIF and IFTI

ICMIF member Amana Takaful, Sri Lanka, recently announced a "payment of surplus" to its general insurance customers. This means Takaful policyholders will receive a proportionate rate from the surplus of the risk fund.

As opposed to conventional insurance the Takaful concept not only benefits claimants but also takes care of non-claimants. Non-claimants receive a proportionate share of...

Kenyan ICMIF member, Takaful Insurance of Africa Ltd (TIA), plans to expand its operations into five East African nations, Chief Executive Officer Hassan Bashir said recently. TIA is Kenya's only Shariah-compliant insurer.

Under TIA’s five-year plan it will expand into Ethiopia, Tanzania, Uganda, Somalia and the autonomously governed enclave of Somaliland, where it was granted a license...

ICMIF Supporting Member (ratings) A.M. Best will participate in and exhibit at the 8th Annual World Takaful Conference, to be held 15-16 April in Dubai, UAE.

Vasilis Katsipis, General Manager – Market Development at A.M. Best, will be the Session Chair in a roundtable discussion on “Financial Performance Improvement for Takaful Operators” taking place on day one of the Conference (15...

The latest figures from the Global Mutual Market Share 2011 report, ICMIF’s annual research report into the size of the global mutual and cooperative insurance sector, show that mutual and cooperative insurers in developing nations* have gained market share since 2007.

The report is due for release soon and will highlight a sizeable growth in the global market share of the mutual and...

ICMIF’s Malaysian member Takaful IKHLAS has announced that Encik Ab Latiff bin Haji Abu Bakar is the new CEO for the organisation as of 7 January 2013.

Encik Ab Latiff, 52, comes to Takaful IKHLAS with more than 20 years of experience in various senior management positions in insurance and takaful companies. Prior to joining Takaful IKHLAS he was Head of Takaful at an international...

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