12.09.2011 - Absa Insurance purchases South Africa’s only Islamic insurer
Purchase of Takafol SA for undisclosed sum follows purchase of life insurer in Mozambique and greenfield start-up in Botswana Takafol, established in 2003, will become part of Absa Islamic Banking and operate under the name Absa Takafol. Absa itself is 56.4 per cent-owned by Barclays, incidentally the largest single foreign direct investment in South Africa..............................................Full Article: Source
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