ADIB launches takaful cash cover service

The bank will provide coverage for up to AED100,000 that a customer may lose due to an incident after withdrawing money within 100 meters of any of the ATMs or branch in the UAE.

Australia Seeks Advice On Islamic Finance

Statesman arrives in Abu Dhabi to discuss Sharia’a-compliant finance. Australian assistant treasurer Nick Sherry has arrived in the Middle East to learn more about Islamic finance and insurance products as his government prepares to introduce the industry back home. Sherry is holding talks with UAE government officials, financial institutes and banks in Abu Dhabi during his visit.

If You Build It They Will Come

Policy provides an overview of recent developments from the Middle East’s three established financial centres – Dubai, Qatar and Bahrain – and profiles three regional players who have called them home.

Demand Surge For Islamic Finance

Islamic finance is expected to continue growing in popularity outside the Middle East as Asian and Western markets look for new products in 2010, a leading analyst has claimed. Finance market researcher and rating agency Standard & Poor’s said demand for Islamic finance packages, such as Takaful and Sharia’a-compliant products, would increase as asset values among Islamic banks continued to rise. Last year, the combined worth of assets among the top 500 Islamic banks climbed 28.6% to $822bn from $639bn the previous year.

Potholes In The Streets Of Gold?

This section explores the latest trends in the rapidly burgeoning global takaful (shari’a-compliant insurance) market which is estimated to eventually grow to between US$7bn (Swiss Re estimate) and US$15bn (Takaful Re estimate) by 2015.