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Dar Al Takaful gallops ahead with new equine product

Posted on 26 October 2010

Dar Al Takaful PJSC, an Islamic Insurance & Reinsurance Company, has announced the launch of the world’s first Sharia-compliant bloodstock policy, which will include a new insurance product to horse owners across the GCC to protect them from certain financial losses in the result of deteriorating health or incurred accidents involving their animals.
The company has established a specialised equine underwriting unit in Dubai, where insurance will be available for all breeds of horses. Coverage can be provided for a number of equine conditions, including mortality, medical fees and permanent disability. In addition, certain products can also be supplied against limited theft and unlawful removal……………………………………….Full Press Release: Source

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


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