✉news BusinessBanking first seen 8 h ago, last 1 h ago, peak #8
UAE central bank overhauls takaful insurance framework
The UAE central bank has announced a comprehensive overhaul of the regulatory framework governing takaful, the Islamic insurance sector. The reform, detailed in a client briefing by law firm Pinsent Masons, is set to change how takaful operators are licensed and supervised in the UAE. Financial services professionals are watching closely, as the changes could affect compliance requirements and market structure across the country's Islamic insurance industry.
Why now: The new rules will affect insurers, advisers and investors operating in the UAE's Islamic finance market.
Central Bank of the UAEPinsent MasonsUnited Arab Emirates
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- UAE central bank overhauls takaful insurance framework · Pinsent Masons
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