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

AK Takaful reports 4pct rise in gains

Posted on 02 August 2012

Al Khaleej Takaful has reported a 4% gain in its first half net profit to QR59.02mn. Under shareholders’ account, total takaful expenses plummeted 99% to QR0.05mn, according to its financial statement filed with the Qatar Exchange.
Although net realised gains on sale of available-for-sale investments jumped about 14-fold to QR35.32mn and mudarib income by 26% to QR0.33mn; the insurer’s Wakala income fell 24% to QR19.68mn, income from deposits by 92% to QR0.03mn, dividend income by 20% to QR18.67mn and rental earnings by 8% to QR3.15mn………………………………………..Full Article: Source

 
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