Sunday, April 21, 2013

Takaful opens doors for Islamic finance in new markets across Sub-Saharan Africa

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

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