www.reuters.com - (Reuters) - Germany's Gothaer Insurance Group is in talks to buy a majority stake in Turkish insurer Isik Sigorta from Bank Asya (ASYAB.IS), four sources close to the process told Reuters, as it seeks to tap a potential growth market.
One of the sources said an American insurer was also interested in buying the stake.
Turkey's Bank Asya, which offers banking services that comply with Islamic law, holds a 65.42 percent stake in Isik Sigorta, according to the insurer's website. Other shareholders may also sell their stakes, the sources said. (source)
Showing posts with label insurance. Show all posts
Showing posts with label insurance. Show all posts
Friday, 23 March 2012
Friday, 10 February 2012
INSURANCE - TAKAFUL - Turkey's Bank Asya in talks on sale of insurance unit Isik Sigorta
www.reuters.com - Feb 8 (Reuters) - Turkish lender Bank Asya , which offers non-interest banking services that comply with Islamic law, said on Wednesday it was in talks with investors on the sale of its insurance unit Isik Sigorta. (source)
Monday, 31 October 2011
TAKAFUL - ICIEC set to launch sukuk policy to facilitate credit enhancement
The idea of a third party sukuk guarantee fund is still being considered by the Islamic Corporation for the Insurance of Export Credits and Investment (ICIEC), the standalone export credit agency of the Islamic Development Bank (IDB) Group. However, according to Abdel Rahman Taha, the chief executive officer of ICIEC, the corporation "has initiated work internally to design a new sukuk policy which can be offered as a means to enhance the credit structure and appeal of sukuk. It is expected that this new policy will be able to provide the much needed respite to the sukuk market." (source)
Subscribe to:
Posts (Atom)