Photo: The Gate, the main building of the Dubai International Financial Center (DIFC) on May 11, 2014, in Dubai, UAE. Rus S / Shutterstock.com

Islamic Finance

3 takaful firms among 5 insurers on new Dubai-based B2B blockchain


Three takaful companies are among five insurers that have signed on to use a new Dubai-based blockchain platform.

Aman (Dubai Islamic Insurance & Reinsurance Company), Noor Takaful and National Takaful Company join Al Wathba Insurance and Oriental Insurance on the Addenda blockchain, according to a statement from the Dubai International Financial Centre (DIFC) on Tuesday.

InsurTech start-up Addenda is based at the DIFC and was part of the second cohort of DIFC FinTech Hive’s accelerator programme in 2018.

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tags:

Blockchain
Fintech
InsurTech
Takaful