Takaful’s sharia’a committee meets Board of Directors

The first meeting between the

new Sharia’a Supervisory Committee (SSC) of Takaful Oman Insurance and the company’s Board of Directors was held on October 27. The meeting witnessed attendance from Mohammed Abdullah al Khonji, chairman of the Board of Directors of the company, and distin

guished members of the Board of Directors. Attendees from the Sharia’a Supervisory Committee included committee chairman Dr Majid bin Mohammed al Kindi and members of the Sharia’a Supervisory Committee.

Apart from reaffirming its commitment to sharia’a principles, the meeting discussed the sharia’a framework under the regulatory regime, key challenges of the Islamic insurance industry, and various new developments and opportunities in the sector.

Takaful Oman Insurance has

remained steadfast in its efforts to continuously enhance its portfolio while adhering to the norms and regulations of sharia’a.

The company has demonstrated utmost transparency in all its procedures, worked with integrity, and upheld the highest values of ethicality in all its dealings.

The board has also shown its commitment to providing its full support and assistance to the Sharia’a Supervisory Committee.

Neelmani Bhardwaj, acting CEO at Takaful said, “Takaful

Oman Insurance, being the first Islamic insurance company in the sultanate, is leading transformation in the sector and setting new benchmarks along the way. Our strong dedication to providing world-class sharia’a-compliant products has helped us increase our database of loyal

customers.”