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GCC mulls over UAE proposal on definition of Takaful Insurance

Feb 23, 2010 - 02:01 -

WAM Riyadh, Feb 23rd, 2010 (WAM) -- The meeting of Unified law "system" for the supervision and control of insurance business in GCC countries started today at the headquarters of GCC General Secretariat.

The meeting is discussing a number of issues concerning supervision and control over the insurance business in GCC countries, which include a proposal submitted by the United Arab Emirates on the definition of Takaful insurance "Islamic Insurance".

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