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The QFC Regulatory Authority has imposed a financial penalty of QR728,000 on Takaful International Company B.S.C (Takaful). Takaful was authorised as an insurer in the Qatar Financial Centre. The imposition of the financial penalty follows the conclusion of an investigation into the affairs of Takaful by the Regulatory Authority.
Investigations found that Takaful contravened the Regulatory Authority’s rules by providing the Regulatory Authority with information that was false and misleading, failing to treat its customers fairly and failing to deal with the Regulatory Authority in an open and cooperative manner. (QNA)
Investigations found that Takaful contravened the Regulatory Authority’s rules by providing the Regulatory Authority with information that was false and misleading, failing to treat its customers fairly and failing to deal with the Regulatory Authority in an open and cooperative manner. (QNA)
