Takaful takes root

Islamic insurance

pg29-roots-gif

Takaful, or Islamic mutual insurance, is fast taking off across the Middle East, Europe and Asia, creating what could be a new, lucrative distribution stream for sharia-compliant structured products. The wealth-management arm of HSBC Amanah Finance is so convinced of its potential that it has begun packaging products exclusively for takaful clients in Europe and southeast Asia, and has plans to extend the offering into the Middle East, starting with Saudi Arabia.

"Takaful clients will b

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: