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Islamic Finance Briefing - Categorized | Insurance (Takaful), New Launches more

OIC may float takaful company

Posted on 24 January 2011

From Emirates247.com: Dubai-based Oman Insurance Company (OIC), the largest insurer in the UAE, may float an Islamic insurance (takaful ) firm in the country. The company, also known as Tameen, has appointed an advisory company which is carrying out the due diligence for it to foray in to takaful segment.
OIC chief executive officer Abdul Muttalib Al Jaidi said: “OIC cannot have a takaful window and to go for a company, a due diligence is underway. I can’t say yes or no as it depends on the results of due diligence. ………………………………………Full Article: Source

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