Oman United Insurance Co is planning to launch takaful operations and its board of directors has agreed in principal to incorporate a company to handle Sharia-compliant insurance products.
“The board of directors has agreed in principle to incorporate a takaful insurance company and suggested to discuss this in the annual general ordinary meeting scheduled on March 28, 2013 for consideration and approval,” the company said in a disclosure to the Muscat Securities Market on Tuesday………………………………….Full Article: Source