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Al Madina Insurance becomes Oman's first takaful provider

January 3, 2014 - 6:00am


Al Madina Insurance Co. SAOG has become the first takaful provider in Oman after receiving the Capital Market Authority's approval, Oman Tribune reported.

Al Madina Insurance started issuing takaful policies on Jan. 1. The company said it will replace all the existing insurance policy contracts with takaful policy contracts.

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