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Islamic Finance Briefing - Categorized | Insurance (Takaful) more

GNL launches commercial risk Takaful to plug vital gap

Posted on 11 July 2011

Commercial and credit risk insurance is part and parcel of most financial transactions, although some companies doing cash business in some emerging countries including the Middle East are known to ignore any kind of insurance to cover any potential losses as a result of non-performance of the provisions of the transaction.
In Islamic finance, for instance, many commercial transactions including real estate, trade finance, projects and so on are now required inter alia to have where relevant building and contents insurance;………………………………………Full Article: Source

 
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