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05 June 2011· Significant improvement in net profit· Steady increase in gross written premiums· Higher retention and lower combined ratio· Investment income drops by 63.8% Significant improvement in net profitIslamic Arab Insurance Company (Salama) reported net profit of AED30.7mn in 1Q11, a significant y-o-y and q-o-q improvement from a net loss of AED4.4mn in 1Q10, and a net profit of AED9.9mn iPress Release - 05-Jun-2011
23 April 2011DUBAI/CAIRO: Covered head-to-toe in a black abaya embroidered with red and yellow flowers, Amal Abbas waits for her turn to place a deposit at Cairo’s Al-Baraka Egypt Bank, one of Egypt’s two fully fledged Islamic banks.Although Egypt is considered the birthplace of Islamic finance, which adheres to Islamic principles banning interest and speculative trading, its growth has lagged dueThe Daily Star - 23-Apr-2011
DUBAI: The 6th annual World Takaful Conference (WTC 2011), which opened in Dubai on Sunday, saw more than 350 leaders in the international Shariah-compliant insurance industry engage in critical discussions that will seek to translate the enormous market potential into reality for the global Takaful industry. Though 2010 was a year characterized by high volatility and uncertainty, the IslamicArab News - 12-Apr-2011