Sheikh Nasser Bin Ali Bin Saud Al-Thani is the Chairman and Managing Director of Qatar General Insurance & Reinsurance Company. He is a distinguished leader in the business community with almost 30 years experience in the area of insurance, investments, banking, real estate and general contracting. An innovator and strategic thinker, Sheikh Nasser has a notable track record in high level management.

Islamic banking refers to a system of banking or banking activity that is consistent with the principles of the Shari'ah (Islamic rulings) and its practical application and guided by Islamic economics. And when you refer to Islamic banking, Al Baraka Banking Group shines as the leader in this buoyant industry.

The global insurance and reinsurance market is facing a series of unique challenges. Reinsurance insurance has always been an opaque market and its culture relies on trust built between cedent companies and their reinsurers in the framework of a long-term relationship.

BL: If the economic situation with increasing inflation is affecting the repayment of loans, why don’t banks consider loan rescheduling before moving to courts of law?

The Arab Spring has brought down regimes in some Arab countries. Following the Arab Spring, the countries of the Middle East have entered an era of regional insecurity that might make long term and sustained investment look favorable. Eventually, international insurers and reinsurers have shown keen interest to enter the MENA region and for example open branches at Dubai international financial center because they found a lucrative market full of opportunities.

AL MASHREK insurance & reinsurance SAL is well known as one of the leading insurance companies in the Levant and North Africa for its presence and service for the past 35 years; it made many more achievements by expanding its presence to important destinations and recently it will inaugurate its new company in Egypt.

Dr. Ezzedine Khoja, Chief Executive Officer of Zitouna Bank is a recognized leader in Islamic Finance whereby he spoke passionately to BUSINESS LIFE about the development of Islamic Finance in Tunisia with particular importance to the internationalization of Islamic Finance and stating that the Islamic Finance industry growth will go on double digit in 2014.

Omar Souhail Bilani is a Lebanese native with a master’s degree in business administration. During his more than 35 years in the insurance industry, he's amassed an enviable track record of developing insurance companies into exceptional performing entities.

Karine Cherfane Haddad has been working in the Insurance and Reinsurance field for more than 18 years. She is currently the managing director of “General Reinsurance Services Ltd.” (GRS), a Reinsurance Brokerage Firm based in Lebanon which has been in operation for over twenty years. GRS has its origin back to 1994. Karine Cherfane Haddad is also one of the principal shareholders of the Company.

The GCC market is the hub for Takaful, the biggest number of Takaful companies is around 206 companies exist in the GCC while in the MENA region probably there are only 34. Historically, insurance has not been popular in Islamic countries. Demographic change and other societal transformations are, however, creating market opportunities for Takaful.

TAKAUD is a specialist savings & pensions business serving the national & expatriate community. Incorporated in 2011, it’s first for the region offering provides global investment expertise utilising best in class selected investment solutions developed specifically for the MENA region.

International team with an international presence:Fenchurch Faris Ltd. group photoBy striking a balance between caution and calculated risk and adhering to the fundamental principles of the insurance profession, insurance & reinsurance broker, Fenchurch Faris Ltd., have managed to weather the political and economic storms that have often lashed the Middle East insurance market.