Al Baraka Takaful being wound up
On 8 January 2014, the Jordanian Insurance commission placed Al Baraka Takaful in liquidation, a decision taken after the proposed restructuring plan of the insurer came to be rejected.
The company had suspended its operations a year because of its inability to meet its legal obligations. Al Baraka Takaful is one of three Islamic insurance companies licensed in Jordan. Arab German, a traditional company had also been forced to stop its activities before it.
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Wed, 05/03/2014 - 09:35
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