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Islamic Finance Briefing - Categorized | Emerging Trends, Insurance (Takaful) more

Tanzania: Islamic insurance services in the pipeline

Posted on 09 February 2012

Tanzania may have Islamic insurance services in the market if an on going study gathers enough evidence on the potential for demand and supply for the services in the country.
The Islamic insurance, Takaful, is based on Sharia – Islamic religious law – whereby members contribute money into a common pool to guarantee each other against loss or damage on the principles of mutuality and cooperation. This would be the alternative to conventional insurance services. Almost a half of the Tanzanian population is Muslim………………………………………..Full Article: Source

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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