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Takaful guidelines needed
- Saudi Arabia: Monday, November 13 - 2006 at 11:20
The Islamic insurance sector needs to develop a unified and standardised set of guidelines according to an industry expert cited in the Gulf News. A.B.M Nurul Haq, a member of the Takaful and Re-Takaful Committee set up by Jeddah's Islamic Development Bank, said that uniformity is needed among takaful operators rather than a reliance on individual shariah boards. Assets held in Shariah compliant accounts worldwide total up to $500bn.
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Jonathan Sheikh-Miller, Deputy EditorMonday, November 13 - 2006 at 11:20 UAE local time (GMT+4)
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This article was updated on Sat Jan 20 2007.
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