January 2009 Standard & Poor's (S&P) reconfirmed BBB 'Stable' long-term counterparty credit and insurer financial strength ratings to Takaful Re Limited (TRL) Takaful Re Limited (TRL) , a Dubai International Financial Centre (DIFC) based Retakaful operator.

According to S&P, the rating is based on Takaful Re Takaful Re ' s strong capitalization, supportive shareholder base, and knowledgeable and experienced management team. This is based on the company's extremely strong capital adequacy as measured by S&P Services' risk-based capital model, low reliance on retrocession, and competent reserving practices.

The stable outlook on TRL TRL reflects S&P expectation that the company will continue to be supported by its shareholders, enabling the company's competitive position within the Retakaful segment to grow. S&P expects Takaful Re Takaful Re 's business flow prospectively to strengthen.

Mr. Chakib Abouzaid, Chief Executive Officer, Takaful Re Takaful Re ed "Reaffirming TRL TRL rating by S&P is recognition to the company proven standing capabilities in the Retakaful sector. TRL TRL is able to deliver not only a broad range of family and general Retakaful solutions, it is also able to deliver the appropriate understanding to ensure a best-fit solutions to clients across various market segments"

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About Takaful Re Takaful Re Takaful Re is a significantly capitalized Islamic reinsurance company, committed to actively contribute to the growth and development of the Takaful industry in accordance with Shari'a' principles.

Takaful Re Takaful Re is registered in Dubai International Financial Centre (DIFC) number 0089 and regulated by

For further information, please contact Amal Dardour - Asst. Director Corporate Communications & Business Planning o Tel: +973 17 544 357, Fax: +973 17 531155 Email: takaful-re@takaful-re.ae

© Press Release 2009 omar 1.1:zy