CHUBB Arabia announced the completion of its Shariah compliance review and set a purification amount of SAR 0.01126 per share, with ongoing oversight by Shariyah Review Bureau
CHUBB Arabia Cooperative Insurance Co. received on Dec. 2 a notice from Shariyah Review Bureau, indicating that the company’s business activities review was completed, and the company’s business activities are Shariah-compliant. 
The review covered segregation of the shareholders’ account from the policyholders’ account, investments of both accounts (shareholders and policyholders), and insurance products, according to a statement to Tadawul.
CHUBB indicated that the purification amount per share stands at SAR 0.01126, and that the Shariyah Review Bureau will continue reviewing the above-mentioned operations and activities from a Shariah perspective.
CHUBB Arabia announced the completion of its Shariah compliance review and set a purification amount of SAR 0.01126 per share, with ongoing oversight by Shariyah Review Bureau
CHUBB Arabia Cooperative Insurance Co. received on Dec. 2 a notice from Shariyah Review Bureau, indicating that the company’s business activities review was completed, and the company’s business activities are Shariah-compliant.
The review covered segregation of the shareholders’ account from the policyholders’ account, investments of both accounts (shareholders and policyholders), and insurance products, according to a statement to Tadawul.
CHUBB indicated that the purification amount per share stands at SAR 0.01126, and that the Shariyah Review Bureau will continue reviewing the above-mentioned operations and activities from a Shariah perspective.
