Monday, October 02, 2006

AIG to offer takaful (Islamic insurance) to Middle Eastern customers

"American International starts Islamic insurance", Reuters, October 1, 2006

American International Group (AIG) has announced that it will begin to offer Shari'ah-compliant insurance (takaful) to Gulf Arab customers with plans in the future to expand to Asia. The market for takaful is estimated at US$15 billion by 2015.

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