CMA to prepare rules for takaful insurance
Capital Market Authority (CMA) is developing a separate set of regulations for Sharia-compliant takaful insurance and Sukuk debt instruments.
Abdulla bin Salem Al Salmi, Acting Executive President of CMA, stated that the new regulations will be ready by the first quarter of next year. CBO, together with Ernst & Young, is currently defining a set of regulation, for Islamic banks.
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