26.09.2012 - High-risk takaful strategies cause for concern, says S&P

Global credit rating agency Standard and Poor’s has expressed concern on the long-term profitability of takaful providers in the Gulf due to “widespread” use of high-risk investment strategies. However, it forecast that over the next 12-18 months, takaful contributions in the GCC region would “significantly outgrow” premiums in the local conventional insurance industry, as well as the global insurance industry...............................................Full Article: Source

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