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