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Oman’s CMA to favour standalone Takaful companies over windows

Posted on 20 February 2012

Oman’s Capital Market Authority (CMA) has revealed to The Times of Oman that it will favour standalone Takaful companies, which is against the window operations proposed for conventional banks.
“It looks like CMA may not allow window operations (of conventional insurance firms), rather allow standalone companies because conventional insurance is completely different from Takaful insurance. Most of our advisors are in favour of a separate entity,” Abdullah bin Salem al Salmi, Acting Executive President of Capital Market Authority, said………………………………………..Full Article: Source

 
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