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Bahrain to have new takaful model

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A regulatory official said a new takaful model will be released in Bahrain towards the end of the first quarter of 2014, Gulf Daily News reported.

Abdul Rahman Al Baker, executive director for financial institutions supervision at the Central Bank of Bahrain, said this would attract new players into the market.

Mr. Al Baker added that this "is one such step in reaffirming Bahrain as the jurisdiction of choice for all takaful/retakaful companies globally."

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