Sri Lanka Amana Takaful starts general insurance in Maldives

March 09, 2010 (LBO) – Sri Lanka’s Amana Takaful Insurance said its Maldivian subsidiary Amana Takaful (Maldives) has got regulatory approval to do general insurance business in the archipelago. The company said in a stock exchange filing that Amana Takaful (Maldives) is a subsidiary of Amana Global which is a fully owned subsidiary of Amana Takaful.

The firm said it had got an insurance license by the Maldives Insurance Authority to write general insurance business in the Maldives from March 4, 2010.

The firm started in 1999 in collaboration with Takaful Malaysia, one of the largest Takaful operators in the world.