Islamic finance is a relatively a business segment and has shown promising results. In the UAE and Dubai International Financial Centre (DIFC), has a specific Takaful and Retakaful insurance regulations (the Takaful Regulations issued by Insurance Authority Board Resolution No. 4/2010 and Islamic Finance Rules (IFR) Instrument No. 125/2013 issued by the Dubai Financial Services Authority (DFSA)). In which, “Takaful insurance providers in the UAE must comply with Federal Law No. 6/2007 and Takaful Regulations simultaneously.
We, Risk Exchange operating mainly as reinsurance intermediary licensed by Dubai Financial Services Authority, DFSA has a minimum paid up capital of _____________ AED.
Our team has a professional education and years of practical experience as senior brokers, senior underwriters & risk management professionals which are required by the regulator. These capital minimums and education and standards are those in management, advisors and members of the board which will aid consumer protection.
In addition, we at Risk Exchange, Offers our Takaful clients the same full range of products, services and expertise as offered to conventional reinsurance clients by providing an innovative and Sharia’s-compliant Retakaful support of our well-respected retakaful company partners and offers assistance to our clients in the development of alternative distribution channels