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Islamic Finance Briefing - Categorized | Insurance (Takaful), Market Moves more

New products planned such as microtakaful

Posted on 20 April 2012

Takaful or Islamic insurance companies are exploring new markets such as Egypt and Jordan; Islamic finance is expected to receive a boost in North Africa from last year’s Arab Spring uprisings, which removed authoritarian governments that discouraged or neglected sharia-compliant business for political reasons.
Ghassan Marrouche, chief executive of Takaful Emarat in the United Arab Emirates, said his company was expecting double-digit growth rates in coming years, supported by the launch of several new products including a capital-protected instrument and a “microtakaful” product focused on low-income earners………………………………………..Full Article: Source

 
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