Doha, Qatar, 22 February 2011: The QFC Regulatory Authority has authorised Takaful International Company BSC ("TIC") to establish a branch within the QFC, Takaful International Company - QFC Branch ("TICQ").
TICQ is a direct insurer authorised to provide general Takaful products on a corporate basis, with respect to property, marine cargo, marine hull, engineering, motor, fire, aircraft liability and ship liability.
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About the QFC Regulatory Authority
The QFC Regulatory Authority is an independent regulatory body established by Article 8 of the QFC Law. It regulates firms that conduct financial services in or from the QFC. It has a broad range of regulatory powers to authorise, supervise and, when necessary, discipline firms and individuals. The QFC Regulatory Authority regulates firms using principle-based legislation of international standard, modelled closely on that used in major financial centres. Further details are available on the website Error! Hyperlink reference not valid.
About the Qatar Financial Centre
The Qatar Financial Centre (QFC) is a financial and business centre established by the Government of Qatar and located in Doha. It has been designed to attract international financial services institutions and major multi-national corporations and to encourage participation in the growing market for financial services in Qatar and elsewhere in the region. The QFC operates to international standards and provides a first class legal and business infrastructure for those doing business within the QFC. The QFC was created by QFC Law No.(7) of Qatar and has been open for business since 1 May 2005.
For more information, please contact:
Valerie Ward - QFC Regulatory Authority
Tel: +974 4495 6776
Fax: +974 4483 0894
Email: v.ward@qfcra.com
© Press Release 2011
