Takaful Re licensed to operate from DIFC

DUBAI — Takaful Re Limited, one of the most financially secure Retakaful Companies in the Middle East & North Africa (MENA) region has been licensed by Dubai Financial Services Authority (DFSA) to operate from the Dubai International Financial Centre (DIFC).

By A Staff Reporter

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Published: Wed 28 Dec 2005, 9:28 AM

Last updated: Thu 2 Apr 2015, 4:22 PM

Dr. Omar bin Sulaiman, Director General of the DIFC Authority said: "This is a significant announcement for DIFC, especially when we already have some major international insurance companies located here. We welcome Takaful Re, the newly formed retakaful company, to the DIFC. "

"The DIFC is committed to actively promoting the growth and development of Islamic insurance industry in accordance with Shari'ah principles. The Takaful market is one of the fastest growing in the world. It is expected to grow at nearly 20 per cent per annum to reach $7.4 billion in global annual premiums in 15 years. Firms domiciled in the DIFC will complement the regional market and help it grow."

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