| From Businessdailyafrica.com: The first Sharia-compliant insurance company in Kenya has been formed as the race for Islamic cash intensifies. The firm, which will operate as Gulf Takaful Company Ltd, is being fronted by GulfCap Investments — the principal shareholder in Gulf African Bank.
Under the model, people seeking insurance cover will pay premiums to a collective fund from which payments will be made to members who suffer from the risks covered..............................................Full Article: Source
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