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Thursday, 9 July 2009
Guidelines on syariah-compliant captive insurance
The Labuan International Business and Financial Centre (IBFC) is developing guidelines on syariah-compliant captive insurance. This could be the world's first set of such guidelines.
Labuan IBFC now has 32 captive companies and 4 rent-a-captive and targets 40 captive insurance companies by year-end. Singapore has 50 captives. Other jurisdictions for captive insurance include the islands of Bermuda and Guernsey.
Source: Business Times
Labels: Business Targets, Captive Insurance, Takaful
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
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