September 27, 2021

Pandemic Risks may Spell Losses for Takaful

Pandemic Risks may Spell Losses for Takaful

Islamic insurers may not sustain strong profitability if the risks related to the pandemic persist, states S&P’s latest report. Credit ratings by S&P Global Ratings on Islamic (Takaful) and conventional insurers in the Gulf Cooperative Council (GCC) have remained broadly stable over the past 18 months, supported by relatively strong capital buffers. Several positive rating […]
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