Latest from TAKAFUL - Islamic Insurance - Malaysia

Sunday, December 14, 2008

Islamic Financial Services Board and International Association of Insurance Supervisors have signed an agreement to enhance supervision of takaful

KUALA LUMPUR, Malaysia—The Islamic Financial Services Board and the International Association of Insurance Supervisors have signed an agreement to enhance supervision of the takaful insurance market.
The organizations have a mutual goal of promoting the stability of the takaful market through the development of international standards and enhancing cooperation among supervisory authorities, the IFSB said in a statement.

The IFSB expects to issue a report, "Guiding Principles on Governance of Islamic Insurance (Takaful) Operations" by the end of this year.

(Business Insurance)

For your takaful solutions, please contact Ahmad Sanusi (mobile: +6019 234 8786 email: sanusi.my@gmail.com)

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