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

Allianz Takaful in talks on sukuk issue

Posted on 17 February 2010

From Reuters: Allianz Takaful is in talks with a regional Islamic institution, urging it to issue a sukuk bond earmarked for the industry, as it struggles to find long-term issues in the market, its chief executive said.

It has been difficult for takaful — or sharia-compliant — insurers to sell products like annuities and pension plans because of the lack of long-term Islamic bonds to match such liabilities…………………………………Full Article: Source

 
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