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The Central Bank of Iraq begins the establishment of a Takaful insurance company for Islamic banks

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The Central Bank of Iraq begins the establishment of a Takaful insurance company for Islamic banks Empty The Central Bank of Iraq begins the establishment of a Takaful insurance company for Islamic banks

Post by rocky on Sun 23 Jun 2019, 3:37 am

The Central Bank of Iraq begins the establishment of a Takaful insurance company for Islamic banks

     
  •  23 June 2019
     
  •  11:26 p
     
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The Central Bank of Iraq announced the start of the establishment of the insurance company Takaful Islamic banks in cooperation with the Board of Insurance with a capital of (15) billion dinars with the participation of all Islamic banks.
The Central Bank issued the company's Takaful controls according to the standards of the Islamic Financial Services Board (IFSB) and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). The Takaful Insurance Company represents the second strategic objective of the comprehensive strategic plan of this bank in developing the Islamic banking industry and transactions. (2016-2020).
"This move will pave the way for its recent move towards Islamic capital markets through the issuance of the Investment Sukuk Act to complement the Islamic economy in Iraq," the central bank said.
It is noteworthy that this company is subject to the Regulation of Insurance Acts No. 10 of 2005 and the Islamic Banks Law No. (43) for the year 2015.


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The Central Bank of Iraq begins the establishment of a Takaful insurance company for Islamic banks Empty The Central Bank of Iraq begins the establishment of a Takaful insurance company for Islamic banks

Post by rocky on Sun 23 Jun 2019, 7:18 am

 The Central Bank of Iraq begins the establishment of a Takaful insurance company for Islamic banks
  
 June 23, 2019
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The Central Bank of Iraq announced the start of the establishment of the insurance company Takaful Islamic banks in cooperation with the Board of Insurance with a capital of (15) billion dinars with the participation of all Islamic banks.
 
The Central Bank issued the company's Takaful controls according to the standards of the Islamic Financial Services Board (IFSB) and the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), considering that the Takaful Insurance Company represents the second strategic objective of the comprehensive strategic plan of this bank in the development of Islamic banking industry and transactions, (2016-2020).
 
The central bank said the move would pave the way for its recent move to Islamic capital markets through the issuance of the Investment Sukuk Act to complement the Islamic economy in Iraq. 
It is noteworthy that this company is subject to the Regulation of Insurance Acts No. 10 of 2005 and the Islamic Banks Law No. (43) for the year 2015.
 
Central Bank of Iraq
information Office
23 June 2019
 
» For the Takaful Regulations No. (1) of 2019  click here
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rocky
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The Central Bank of Iraq begins the establishment of a Takaful insurance company for Islamic banks Empty The Central Bank is establishing the Takaful Insurance Company for Islamic Banks

Post by rocky on Sun 23 Jun 2019, 7:21 am

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The Central Bank is establishing the Takaful Insurance Company for Islamic Banks

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[rtl]Date of release: 2019/6/23 11:12 • 203 times read[/rtl]
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The Central Bank of Iraq announced on Sunday the start of the establishment of the insurance company Takaful Islamic banks in cooperation with the Board of Insurance and a capital of 15 billion dinars with the participation of all Islamic banks.
"The bank has issued the company's Takaful controls in accordance with the standards of the Islamic Financial Services Board (IFSB) and the AAOIFI," the bank said in a statement. "The Takaful Insurance Company represents the second strategic objective of this comprehensive strategic plan A bank in the development of Islamic banking industry and transactions, for the period between 2016-2020. 
"This move will pave the way for its recent move towards Islamic capital markets through the issuance of the Investment Sukuk Act to complement the Islamic economy in Iraq," the bank said. 
He pointed out that "this company is subject to the Regulation of Insurance Acts No. 10 of 2005 and the Islamic Banks Law No. 43 of 2015"


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The Central Bank of Iraq begins the establishment of a Takaful insurance company for Islamic banks Empty The Central Bank is establishing the Takaful Insurance Company for Islamic Banks

Post by rocky on Sun 23 Jun 2019, 3:20 pm

[You must be registered and logged in to see this image.]  The Central Bank is establishing the Takaful Insurance Company for Islamic Banks






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The Central Bank of Iraq announced on Sunday the start of the establishment of the insurance company Takaful Islamic banks in cooperation with the Board of Insurance with a capital of (15) billion dinars with the participation of all Islamic banks. 
"This move will pave the way for its recent move towards Islamic capital markets through the issuance of the Investment Sukuk Law to complement the Islamic economy in Iraq," the central bank said in a statement received by Al-Iktissad News. 
"The bank has issued its own Takaful controls according to the standards of the Islamic Financial Services Board (IFSB) and the AAOIFI." The Takaful Insurance Company represents the second strategic objective of the Bank's comprehensive strategic plan to develop the banking industry Islamic transactions and transactions, for the period (2016-2020) ".
It is noteworthy that this company is subject to the Regulation of Insurance Acts No. 10 of 2005 and the Islamic Banks Law No. (43) for the year 2015.




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rocky
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The Central Bank of Iraq begins the establishment of a Takaful insurance company for Islamic banks Empty The Central Bank is establishing the Takaful Insurance Company for Islamic Banks

Post by rocky on Mon 24 Jun 2019, 5:07 pm

The Central Bank is establishing the Takaful Insurance Company for Islamic Banks

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It initiated the [url=https://www.thebaghdadpost.com/ar/Story/t/2020/%D8%A7%D9%84%D8%A8%D9%86%D9%83 %D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A %D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82%D9%8A][size=13]Iraqi Central Bank[/url] established a Takaful insurance company private Islamic banks in cooperation with the Office of Insurance, with a capital of 15 billion dinars , and the participation of all Islamic banks. "The Takaful Insurance Company represents the second strategic objective of the bank's comprehensive strategic plan to develop the Islamic banking industry 

 ," the Central Bank said in a statement.  

And its transactions, for the period between 2016-2020, "noting that" this step will pave the way for a final move towards the Islamic capital markets through the issuance of the Investment Sukuk Act to complement the Islamic economy workshops in Iraq. "  

 

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