Al-Etihad Insurance receives compliance certificate from Shariyah Review Bureau

29/06/2022 Argaam

Al-Etihad Cooperative Insurance Co. received today, June 29, the certification of Sharia compliance from Shariyah Review Bureau.

 

Shariyah Bureau reviewed the insurer’s activities in light of AAOIFI Sharia standards and confirmed its compliance to these standards, the company said in a bourse filing.

 

The key activities, which were reviewed and certified, are separation of accounts for both shareholders and policyholders, investments made by shareholder and policyholders, as well as insurance products.

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