Nigeria welcomes 2 new takaful operators
Source: Middle East Insurance Review | Feb 2017
Two fully fledged takaful operators have commenced operations in Nigeria, said media reports. The two entities are Jaiz Takaful Insurance Company, with head office in Abuja, and Noor Takaful Insurance Company Plc based in Lagos State, Nigeria.
According to the reports, the two new companies are mostly owned by foreigners, especially investors from the Middle East and Asia, who have the expertise needed in the area of Islamic insurance and had operated it to a success in some parts of the world.