The Securities and Exchange Commission of Pakistan (SECP) has organised a roundtable discussion to identify policy and regulatory measures to enhance the takaful industry's market share and promote Shariah-compliant financial inclusion, thereby contributing to economic growth and ongoing regulatory reforms.
The Securities and Exchange Commission of Pakistan (SECP), Pakistan's insurance regulator, organised a roundtable discussion titled "The Future of Takaful in Pakistan", which is part of the SECP's 'Insured Pakistan' five-year strategic plan.
Pak-Qatar Family Takaful, a Shariah-compliant insurance company, plans to raise PKR1.1bn ($3.9m) through an initial public offering (IPO) next month, taking advantage of the Pakistan Stock Exchange's (PSX) record-breaking rally, Bloomberg reported.
The ASEAN insurance industry has established the ASEAN Takaful Alliance (ATA) to foster regional collaboration, knowledge sharing, and capacity building among takaful operators.
Shareholders of Islamic Arab Insurance Company (Salama), one of the UAE's leading takaful providers, have approved a capital reduction and subsequent capital increase as part of a comprehensive plan to restore solvency and reinforce its financial position in line with regulatory requirements of the Central Bank of the UAE (CBUAE).
Orient Takaful Insurance Egypt has received the approval of the Financial Regulatory Authority (FRA) to change its operating model from takaful to conventional, the financial regulator announced in a statement.
Kuwait-based Gulf Takaful Insurance (GIG Takaful) is expected to see 8%-12% revenue growth per year in the next two years, under a base-case scenario by S&P Global Ratings (S&P).
The Insurance and Private Pension Regulation and Supervision Agency (SEDDK) plans to release soon a new set of regulations on participation insurance, also known as takaful.
Etiqa Insurance Singapore has announced a charity pledge linked to the launch of its latest takaful products.
Listed takaful companies in the UAE contributed 9% of the total business of listed insurance companies in the UAE in 1H2025, according to an analysis by Badri Management Consultancy, an international actuarial and risk consultancy firm. This market share was lower than the 11% reported for 1H2024.