Abdul Rahman Tolefat

Allianz Takaful in talks on sukuk issue - CEO

Allianz Takaful is in talks with a regional Islamic institution, urging it to issue a sukuk bond earmarked for the industry, as it struggles to find long term issues in the market, its chief executive said. It has been difficult for takaful - or sharia compliant - insurers to sell products like annuities and pension plans because of the lack of long term Islamic bonds to match such liabilities.

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