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Islamic Finance Briefing - Categorized | Insurance (Takaful), Market Moves more

AIG, Mitsui expand in Malaysia

Posted on 10 February 2011

From Btimes.com.my: Malaysia is attracting global companies such as American International Group Inc and Mitsui Sumitomo Insurance Co seeking to tap growth in the country’s US$4 billion Islamic insurance market. Mitsui Sumitomo said on Jan. 28 it’s in talks to buy a stake in a local operator offering takaful, or Shariah-compliant insurance.
New York-based American International formed a joint venture with Alliance Bank Malaysia Bhd in January, four months after winning a licence from the central bank……………………………………….Full Article: Source

 
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