26.09.2012 - Oman: Insurers upset over norms for takaful firms
Local insurance companies have expressed serious concern on the move to stipulate a minimum RO10 million capital for takaful firms as it will pose a major entry barrier for local companies. The insurance firms, which suspect an edge for foreign companies to enter Oman due to high capital requirement, prefer window operations in takaful business like the proposed regulation in banking sector...............................................Full Article: Source
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