The Central Bank of the UAE (CBUAE) has suspended the licence of YAS Takaful for its failure to comply with the regulatory framework governing insurance companies in the country.
The authority said YAS Takaful remains liable for all obligations arising from insurance contracts concluded before the suspension.
The CBUAE, through its supervisory and regulatory mandates, works to ensure that all exchange houses, their owners and staff abide by the UAE laws adopted to safeguard the transparency and integrity of the UAE financial system.
Sheikh Abdullah condemns attacks on civilian infrastructure in region
UAE President and US Senator discuss regional developments
UAE 'will emerge stronger' says H.H. Sheikh Mohammed, Cabinet approves new strategies
UAE universities to begin phased return to in-person learning
UAE responds to further missile, drone threats on Sunday
16 ballistic missiles, 42 drones intercepted on Sunday
Dubai Police issues 720 certificates for weather-affected vehicles
Gargash: Political solution needs guarantees against repeat Iranian attacks
