IslamicFinance.de

The Tunisian Islamic insurance company "El Amana Takaful," set up as part of a Tunisian-Saudi partnership project, came into service on Wednesday. This Islamic insurance company operates with paid-up capital of TND 10 million ($6.3 million). Saudi businessman Mr. Hassan Salem Al-Amari was appointed as the chairman, and Hussein Al-Daghri was named the deputy chairman. The company was licensed in April. Most of its shareholders are conventional insurers, including Comar, Astree, and Carte – each with 18% share – and Tunis Re, with a 6% stake.