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Islamic insurance making strides in Africa

Sep 22, 2018 - African Banker

Following in the successful footsteps of Islamic finance in Africa, Takaful, or Islamic insurance is beginning to make strides on the continent. As Mushtak Parker reports, a major South African insurance company is now set on taking Takaful to the next level.

If Sedick Isaacs, a 35-year-old veteran of the conventional South African insurance industry, which is worth R90bn ($6.8bn), has his way, Islamic insurance (Takaful) could be the next big niche to hit the local and regional market, wi...