Amana Takaful Sri Lanka gets General Insurance licence in Maldives

The Maldives Monetary Authority has granted the license for Amana Takaful (Maldives) Pvt. Limited, the Maldivian subsidiary of Amana Takaful Plc, to begin general insurance with effect from 4 March.

The company launched its operations in 1998 in collaboration with Takaful Malaysia, one of the largest Takaful operators in the world. It offers life and general insurance policies.

The consolidated loss of Amana Takaful Plc for the year ended 31 December 2009 was Rs. 8.547 million and accumulated group losses stood at Rs. 300.959 million.

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