Pinsent Masons

The UAE central bank has announced a comprehensive overhaul of the regulatory framework governing takaful, the Islamic insurance sector. The reform, detailed in a client briefing by law firm Pinsent Masons, is set to change how takaful operators are licensed and supervised in the UAE. Financial services professionals are watching closely, as the changes could affect compliance requirements and market structure across the country's Islamic insurance industry.

International law firm Pinsent Masons has elected a new managing partner following a contested internal election. The result ends a leadership contest at the firm, which operates across the UK, Europe, Asia and the Middle East. Details about the candidates and the winning partner were not included in the available coverage.