| 29.02.2012 - UAE issues takaful law to regulate industry |
| A new UAE law regulating the growing Islamic insurance industry will provide more transparency and oversight but the extra costs of compliance may drive consolidation in a fragmented market, lawyers said. The Islamic insurance, or takaful, law was issued Sunday, placing companies under the jurisdiction of the Insurance Authority of the United Arab Emirates and giving them a year to reorganize their processes. ..............................................Full Article: Source |