UAE – Family Takaful to be regulated
Tuesday, 04 10 2018, Category: Islamic Insurance, Country: U.A.E
H.E. Ibrahim Obaid Al Zaabi, Director General of the Insurance Authority said that the authority is about to issue the draft regulations of life insurance and family Takaful companies in addition to the accounting standards for the Wakala fees of Takaful companies that will apply on the results and annual financial reports of companies.
Moreover, Mr. Al Zaabi said that the adoption of these two regulations in the UAE will be the first such experience in the region compared with developed economies and it will be support investments and premiums in the Takaful industry in the country.
Source: Al Khaleej