Risk.net

Fitch publishes Takaful rating methodology

Fitch Ratings has published its planned approach for rating companies that operate according to the Islamic insurance concept of Takaful.The rating agency says it sees "strong potential" for the Takaful industry in the coming years - along with some challenges.In order to be rated, Fitch says it will be important for firms employing Takaful to demonstrate that all assets of the company, including shareholder assets, will be available to cover any underwriting and investment losses. They will