Banking
July 29, 2020
IFN Daily Update: Dubai's Dar Al Takaful, Acquires Noor Takaful for $58m

This edition of the Islamic Finance Daily Update anchored by Bukola Akinyele brings to viewers the story that Dubai's Dar Al Takaful, an Islamic insurance company, has completed the acquisition of its competitor Noor Takaful.

 

The insurer had earlier signed a deal to acquire the entire shares of state-backed Noor Takaful, a subsidiary of Noor Investment Group, for a sum of 215 million UAE dirhams ($58 million).

 

Other stories in this edition include; Abu Dhabi Government's disbursement of $757m mortgage loans for 1,500 citizens, A 21% increase for Dubai Financial Market Company which translated to $21.5m in H1,2020 and the 12 year jail sentence for the  former Prime Minister of Malaysia, Mr Najib Razak over corruption charges.

 

Watch Video Courtesy WebTV NG

 

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2.      IFN Daily Update: Egypt Rolls Out Nationwide Initiative to Boost Consumer Spending

3.      Investments in Fintech and Infrastructure, Key Ways Islamic Trade Finance Can Support Nigeria's Economy

4.      IFN Daily Update: CBN Launches New Non-Interest Finance Schemes for Its Intervention Programmes

5.      IFN Daily Update: Dubai External Food Trade Hits $8.7bn in H1,2020

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