Dana Insurance to Debut Limited Takaful Services for Iran’s Sunni Population

Iranian insurer, Dana Insurance, has announced that it is planning to launch limited Takaful services for the country’s Sunni population, according to local media reports dated 6th of December 2021. The announcement comes shortly after Dr Ehsan Khandouzi, Minister of Economic Affairs and Finance of Iran, stated that insurers in Iran should respond to a demand for Takaful in the country’s domestic market.

Why it Matters?

According to Ebrahim Kardgar, Chief Executive Officer of Dana Insurance, the company would introduce Takaful for the first time in Iran. Kardgar noted that the Iranian insurance industry has lagged behind in the field, and following talks with the Ministry of Economic Affairs and Finance, the launch of Takaful was agreed u...