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

Absa Insurance purchases South Africa’s only Islamic insurer

Posted on 12 September 2011

Purchase of Takafol SA for undisclosed sum follows purchase of life insurer in Mozambique and greenfield start-up in Botswana
Takafol, established in 2003, will become part of Absa Islamic Banking and operate under the name Absa Takafol. Absa itself is 56.4 per cent-owned by Barclays, incidentally the largest single foreign direct investment in South Africa……………………………………….Full Article: Source

 
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