FINANCIAL NEWS

Noor Takaful premium income up 20% in 2011

24 Apr 2011

(MENAFN) Noor Takaful’s Chief Executive Officer, Parvaiz Siddiq, said that the company’s gross premium income would increase by around twenty percent in 2011, thus hitting USD54 million, reported Arab News.

Siddiq said that even though this indicates a drop in year-on-year gross premium income, the company is still projecting positive results.

The CEO of the UAE Islamic insurance provider pointed out that the company which was established back in 2009, grew by fifty percent in 2010.

Siddiq also said that the landscape market was a challenge for Noor Takaful as it is a very competitive one in the UAE.

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