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

Amana Takafull makes losses, says lack of investment options is hindering growth

Posted on 15 May 2012

Sri Lanka’s Amana Takafull PLC has recorded a Rs. 109.3 million loss during the financial year 2011, owing to the impact caused by increased claims and volatility in investments.
“Increased claims, volatility in investments, especially equities and gold in the latter half of the year, took its toll on profitability, resulting in negative bottom-line”, Chairman of the Amana Takafull PLC Tyeab Akbarally stated in the company’s annual report………………………………………..Full Article: Source

 
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