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

ME: Capital base of insurance firms under stress

Posted on 06 May 2009

From Business24-7.ae: The capital bases of a number of regional insurance companies are under pressure due to the steep decline in the value of their investment portfolios, says credit rating agency Standard and Poor’s (S&P).

The decline has been caused in particular by the fall in the value of local stocks and real estate, Kevin Willis, Director of Financial Institutions Rating Services said…….Full Article: Source

 
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