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.
Anwar Gargash calls out Iran for targetting civilian infrastructure
Sheikh Abdullah discusses regional developments with German counterpart
Four injured in drone incident near Dubai International Airport
Dubai Miracle Garden offers free entry to UAE residents, March 15-31
UAE responds to incoming missile, drone threats from Iran
UAE, Russia Presidents discuss regional security and developments
H.H. Sheikh Mohammed issues law on shared housing in Dubai
Dubai extends truck movement permit to March 22
