The Sharia-compliant takaful (insurance) industry is on the rise, with the sector forecast to be worth US$12 billion (Dh44bn) at the end of last year, according to a report by Ernst & Young. The UAE is one of the biggest markets for takaful and it is available to Muslims and non-Muslims alike. Abdulfattah Nasri explains what it’s about and why it could be a good option for people seeking ethical insurance products.
The spreading influence of Islamic banking and insurance products is notable and of increasing interest across the world. It is now possible to get Sharia-compliant cover - known as takaful - for just about every area of risk………………………………………..Full Article: Source