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Union Insurance revenues to go up with Sharia-compliant products

Posted on 04 January 2011

From Thenational.ae: The Union Insurance Company expects revenue to increase by 32 per cent this year through the introduction of Sharia-compliant products. The company, based in Ajman and listed on the Abu Dhabi Securities Exchange (ADX), said it would introduce Islamic insurance products, known as takaful, this year.
“This company will become an Islamic insurance company, therefore we expect a lot of business from the market,” said Dharmasiri Edirisinghe, the finance manager at Union Insurance……………………………………….Full Article: Source

 
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