Egypt – 9th General Conference of Takaful companies issues 4 recommendations
Friday, 10 14 2016, Category: Islamic Insurance, Country: World
The 9th general conference of the International Federation of Takaful & Islamic Insurance Companies came up with 4 concluding recommendations, which should be followed by Takaful and ReTakaful companies in order to support this industry in all markets.
Moreover, Mr. Omar Gouda the Managing Director of Africa Retakaful who chaired the final session of the conference clarified that these recommendations included total support of Takaful companies to ReTakaful companies, which practice the same business.
The second recommendation included the necessity of raising awareness about Takaful insurance products not only among customers but also among insurance professionals in order to boost Takaful business and attract new customers.
The third recommendation includes unifying all sharia fatwas related to Takaful insurance indicating that his company would be ready to bear the cost of such an effort. Finally, the fourth recommendation covered the necessity of achieving a high solvency level in order to follow the developments of the industry and face the different challenges.
Source: Amwal Al Ghad