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M&As for takaful industry remain unlikely for now, says RAM Ratings

Posted on 12 July 2011

While the ‘takaful’ segment is poised to take centrestage in the development of Islamic finance here, it remains a premature notion for the industry to engage in any consolidation exercise, similar to that of the banking sector.
“It is too early to think about consolidation for the takaful industry here, given that most takaful companies are still new with the exception of a few larger players,” said RAM Rating Services Bhd’s (RAM Ratings) head of financial institution ratings Promod Dass in an e-mail interview with The Borneo Post……………………………………….Full Article: Source

 
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