BRUNEI - TAKAFUL - Brunei Insurance and Takaful Association BITA : 'New insurance body to be set up this year'

www.bt.com.bn- A NEW insurance association, expected to be established this year will group Islamic insurers and work to level the playing field with their conventional counterparts in Brunei, as well as set up a watchdog body and more ground rules to increase the industry's credibility, publisher Oxford Business Group (OBG) said in its latest, annual economic overview on the Sultanate.

Helen Yeo, chairperson of the General Insurance Association Brunei Darussalam (GIAB), said the anticipated Brunei Insurance and Takaful Association (BITA) will address concerns in the industry, which said in the past, was criticised for "disparity" between the two types of insurance providers.

"Previously, the two streams have operated on their own, independent of each other and dialogue has been limited," she told OBG in The Report: Brunei Darussalam 2011.  (source)

INDONESIA - EVENTS - Jakarta Association of Issuers AEI Members Benefit Financing the Sharia Push

JAKARTA-Indonesia Association of the Issuer (AEI) encourages its members are listed on the Indonesia Stock Exchange (BEI) to take advantage of financing Islamic banking."There are 300 listed companies that are members and AEI is ready to facilitate issuers who wish to take advantage of Islamic banking to finance them," said Chairman of AEI Airlangga Hartanto in his speech at the seminar and Business Investors Daily gathering with the topic of Corporate Opportunities Obtain Financing the Sharia in Baliroom Kempinsky Hotel Jakarta, Thursday (17/11), which was read Partawijaya Yan AEI Secretary General. (source)