28.06.2010 - Abu Dhabi: Law to regulate Islamic insurance
From Gulfnews.com: The Ministry of Economy issued a law on the Islamic insurance system (Takaful) to regulate the work of Islamic insurance companies in the country. Sultan Bin Saeed Al Mansouri, Minister of Economy and Chairman of the UAE Insurance Authority, issued the new system. This insurance system, which is the first of its kind to be approved in the Arab region, gives Islamic insurance and reinsurance companies a grace period of one year to adjust their status in line with the provisions of the Islamic insurance law..............................................Full Article: Source
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