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

QIIC posts robust 2008 results

Posted on 25 March 2009

From Thepeninsulaqatar.com: Despite challenging business environment, the Qatar Islamic Insurance Company (QIIC) yesterday announced that it will reimburse 19 percent cash surplus to its policyholders for 2008 backed by robust financials.

The company’s chairman told the annual general meeting of the shareholders amidst thunderous applause: “The board has decided to reimburse policyholders cash surplus equaling 19 percent of the premiums written in 2008, the highest so far.”….Full Article: Source

 
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