Showing posts with label solvency. Show all posts
Showing posts with label solvency. Show all posts
Wednesday, 22 December 2010
TAKAFUL - IFSB - Islamic insurance aligns with global rules
The Islamic Financial Services Board has released a standard on solvency requirements for Islamic insurance undertakings to bring it into line with global insurance standards.
There are key differences between Takāful (Islamic insurance) and conventional insurance and the IFSB and the International Association of Insurance Supervisors have been working together to resolve this.
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