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."
The announcement at COP28 in Dubai puts Turkey in the race against Australia