Article: First takaful company for Palestine.(contracts)(Brief article)

Ramallah-based Arab Islamic Bank (AIB) will establish the first takaful company in the Palestinian Territories. AIB will own a 25 per cent stake in the new company, which will have a capital of $10 million. Palestine Investment Bank will take a 12 per cent stake. Three local insurance companies --National Insurance Company, Trust Insurance Company and Ahliea Insurance Group--will each hold 750.000 shares or ...

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