Doha Insurance plans takaful branch.
Doha Insurance has decided to set up a dedicated Islamic insurance division – Doha Takaful. Doha Takaful will be a separate branch of Doha Insurance offering products that are Shariah-compliant. Doha Takaful is expected to become functional by Q4 this year. Doha Insurance general manager Bassem Hussein told Gulf Times yesterday the company’s board of directors had decided to establish a separate Islamic insurance division following DIC ending its management agreement with the Bahrain-based Solidarity.