The story of a non-resident Bangladeshi family establishing and running the famed perfume company Al Haramain and its successful subsidiaries
He says high premium growth reflects the difficulties that traditional insurers are facing in complying with Shariah as a result of their investment strategies.
"Under Shariah, riba (interest) is forbidden. This disqualifies conventional bonds — which usually comprise a substantial portion of an insurer's investment portfolio — as an acceptable asset class," says Boudkeev.
The report gives an overview of how takaful differs from conventional insurance, the benefits that a rating offers takaful companies and the approach taken to analysing the financial strength of such companies.
Seven key factors underlying an insurer's business and financial profile are reviewed in Moody's rating process. The seven include the insurer's market position, brand and distribution, reserve adequacy/liquidity and asset liability management, and asset risk.
The story of a non-resident Bangladeshi family establishing and running the famed perfume company Al Haramain and its successful subsidiaries
Matches will be played on an exclusive Saturday with no Premier League fixtures taking place on the same day
The plant to be set up in Al Bihouth area is expected to process 900,000 tonnes of waste into energy
The minor didn't take his cellphone or wallet, assuming he'd return quickly
Nadal, 37, who missed virtually all of the 2023 season, is hoping to compete at the French Open in May where he is the record 14-time champion
A Good Samaritan offered him a ride to Bur Dubai for free, declining Sahni's attempt to offer payment
Passengers with cancelled bookings will receive a full credit voucher for the amount paid
Passengers must go to the airport only if they have a confirmed reservation