Nigeria and Kenya are not the top markets in the Islamic finance sphere. Neither has a government handing out incentives to become the next global hub in Islamic finance. They are each located in different parts of Sub-Saharan Africa where Islamic finance is just beginning to grow. Recent developments in these countries showing that takaful can appeal to a broader consumer base and can compete directly with conventional insurers on their underlying economics, not just on Sharia-compliance, will make these regions important to watch for signs of continued development
For the full analysis please register to the IFG community on http://online.thomsonreuters.com/ifg/ or email email@example.com
Join the discussion on this subject and others in the IFG Community on Tuesday mornings at 9:30am Mecca time (GMT+3).