Islamic Finance
Zurich signs $135m deal to buy Malaysian Islamic insurer MAA
Zurich Insurance has signed a deal to buy Malaysia’s MAA Takaful for $134.6m (£92.7m, €117m), giving Europe’s fifth biggest insurer a foothold in the world’s second largest Islamic insurance market.
Zurich enters takaful insurance with Malaysia’s MAA buy
Zurich Insurance is poised to buy Malaysia’ MAA Takaful after receiving regulatory approval.
Aberdeen launches shariah fund in Indonesia
Aberdeen Asset Management has launched its first Shariah equity fund which will focus on investments in India, Australia and Japan.
Macro Views | 6 Apr 16
Franklin Templeton expects sukuk momentum
The strong development of Islamic finance is “a reflection of genuine retail demand”, said Mohieddine Kronfol, chief investment officer of global sukuk and MENA fixed income.
Malta Stock Exchange adds Sharia equity index
The Malta Stock Exchange (MSE) has launched the MSE Sharia Equity Index, which has been certified as compliant with Islamic law by Dubai-based Islamic finance consultancy Dar Al Sharia.