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

Absa - leading Islamic finance through acquisition of Takafol SA

Posted on 12 September 2011

Absa Insurance Company Limited (AIC), a wholly-owned subsidiary of Absa Financial Services Limited (AFS), and Takafol South Africa (Pty) Limited (Takafol SA), today announced that they have reached an agreement on the terms of the sale of the Takafol SA business to AIC.
Strategically positioned alongside Absa Islamic Banking, Absa Takaful will further cement the Group’s position as the leading provider of Islamic financial solutions……………………………………….Full Article: Source

 
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