Takaful in the EU - Growing Takaful via the Friendly Society Route

Source: Middle East Insurance Review | Feb 2008

Much effort has gone into devising legal structures to deliver Shariah-compliant mortgage and savings products for the UK market. However, for insurance, an ideal vehicle has existed for over 200 years and is waiting to take on a new lease of life to serve the growing Muslim community, not only in the UK but throughout the European Union: the friendly society. Mr John Gilbert of Lovells elaborates.

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