17.02.2010 - Allianz Takaful in talks on sukuk issue

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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