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Examples
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This month, AIG announced that it would offer Shariah-compliant homeowner insurance policies, known as takaful, to U.S. customers through one of its subsidiaries.
The Jawa Report 2009
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This month, AIG announced that it would offer Shariah-compliant homeowner insurance policies, known as takaful, to U.S. customers through one of its subsidiaries.
The Jawa Report 2009
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Insurance Supervisors (IAIS), to streamline the rules around integration of Islamic products such as takaful or Islamic insurance, for example.
Forbes.com: News 2009
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Here, in Mauritius to position ourselves in the Islamic capital market in the long term, institutional infrastructure like the FSC would need new regulatory measures to cover the Islamic financial industry, such as takaful (Islamic Insurance).
Bloggers.Pakistan 2008
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Slide 12: OPERASI • Section 3 Takaful Act 1984 divides the takaful business into 2: 1) Family Solidarity Business or Family Takaful; and 2) General Takaful Business • Family Takaful is defined as takaful for the benefit of the individual and his family.
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The country also will grant two licenses to foreign investors to operate Islamic banks; two for new takaful, or Islamic insurance, operations; and three additional conventional bank licenses in 2011, Mr. Najib said at a news conference.
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Additionally, the cap on foreign-equity shareholdings in local Islamic banks, investment banks, conventional insurance and takaful operators will be raised to 70% from 49% now, he said.
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Engku Rabiah, who was once appointed on the board of six to seven Islamic banks and takaful companies before the rule was passed in 2004.
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Under Bank Negara Malaysia regulations, a Shariah scholar can sit on only one board for each type of Islamic financial institution, meaning an expert on the panel of an Islamic bank can only sit on the board of another non-bank entity such as an insurance company, or takaful.
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Engku Rabiah, who was once appointed on the board of six to seven Islamic banks and takaful companies before the rule was passed in 2004.
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