SABB Takaful Must Stop Selling Insurance, Savings Products: Saudi Watchdog

Saudi Arabia’s financial regulator has stopped Sharia-compliant insurer SABB Takaful from issuing or renewing insurance or savings products, citing weaknesses in the firm’s internal controls. The Saudi Arabian Monetary Agency (SAMA) has also asked the company to appoint a consultant …

from News – Insurance Journal http://ift.tt/2xSJvy9
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