Arab Is­lamic Taka­ful in­sur­ance firm launched

Kuwait Times - - BUSINESS -

A new Taka­ful in­sur­ance firm has been launched as a Kuwaiti joint stock close com­pany with cap­i­tal worth KD 5 mil­lion (about $16.32 mil­lion), ac­cord­ing to a new re­port. The Arab Is­lamic com­pany for Taka­ful in­sur­ance con­ducts all forms of lo­cal in­sur­ance and rein­sur­ance, be­sides life in­sur­ance both at home and abroad, Kuwait AlYaum wrote yes­ter­day. The new com­pany can man­age sav­ing work, and ac­cu­mu­la­tion of funds as well as in­sur­ance against fire, emer­gen­cies, trans­port ac­ci­dents, and other forms. The new firm can also in­vest its funds and han­dle them the way it opts for and con­duct all rel­e­vant financial op­er­a­tions, the pa­per said.

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