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

Launch of Al Jasr Takaful postponed

Posted on 05 February 2010

From Cpifinancial.net: Bahraini / Qatari Takaful joint venture will not go ahead for the time being, founders say, citing the impact of the financial crisis. The founders of Al Jasr Takaful Insurance Company (under formation) have decided to postpone the company’s establishment.

A statement by the Chairman of the Founders’ Committee Shaikh Nawaf Bin Mohammed Bin Jabr Al Thani said the decision, taken at a meeting in Doha, is due to the changing business and investment environment caused by the global financial crisis…………………………………Full Article: Source

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