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Oman United Insurance to launch takaful firm
- Oman: Thursday, February 21 - 2013 at 03:16
Oman United Insurance Co has unveiled plans to launch takaful operations, after the board gave its approval to incorporate a company to handle Shari'ah-compliant insurance products, Muscat Daily has reported. "The amount of capital required to float the company will be decided once we meet initial CMA requirements. However, the minimum capital requirement to set up a takaful firm is OR10m, but that will be decided in discussions with Capital Market Authority (CMA)," said the managing director of Oman United Insurance, Nassir bin Salim al Busaidi.
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