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UK Has The Potential To Be A Hub For Sharia-Compliant Insurance

UK has the Potential to be a Hub for Sharia-Compliant Insurance

An article in Insurance Business has highlighted the potential for the UK to become a hub for Sharia-compliant insurance, or Takaful.

Although insurer AIG launched the first Sharia-compliant Warranty and Indemnity insurance policy in the London M&A insurance market last year, in general, uptake of Takaful policies in the UK has been slow.

However, having interviewed a number of leading Islamic finance experts at a recent event (looking at the challenges and opportunities presented by Sharia-compliant insurance) in London Insurance Business believes there is large scope for future growth in this area.


Please click HERE to read the full article by Lucy Hook.