Stakeholders describe Takaful insurance opportunities


Academics and practitioners in the insurance industry have urged Nigerians, including business owners, to consider adopting Takaful insurance.

Stakeholders have described it as viable and ethical insurance that provides enormous benefits to all members of society regardless of race, religion, ethnicity or social status.

A statement said it was among the submissions to the Takaful workshop organized by Noor Takaful Insurance Limited.

The event, themed “Takaful Insurance in an increasingly unstable and precarious world”, brought together renowned scholars from academia and industry, some of whom include an Islamic cleric, Dr. Bashir Umar; a former insurance commissioner, Mr. Mohammed Kari; Director, International Institute of Islamic Banking and Finance, Bayero University, Kano, Professor Binta Jibril, among others.

In his welcome remarks, the Chairman of Noor Takaful Insurance Limited, Mr. Muhtar Bakare, noted that the workshop was one of the many ways the company intended to engage the people and create a grip essential conscience on Takaful insurance.

He said, “This is the first in the series of workshops that Noor Takaful plans to hold in different cities across the country and we should start this journey in Kano.

“I am delighted to mention that Noor Takaful was conceived and incubated in Kano in 2015. This workshop aims to allow us to hear from Islamic and academic scholars how Takaful can help sustain businesses and communities in a challenging world and rapidly evolving.”

Also speaking, Vice Chairman of Noor Takaful Insurance Limited, Mr. Aminu Tukur, said the company was delighted to reintroduce Takaful insurance to the Kano market, having started the journey from the ancient city.

Commenting on the workshop, Umar said it was gratifying to note that Noor Takaful Insurance Limited took up the challenge to promote Takaful, which underlined the commitment to promote ethical insurance in Nigeria.

Also speaking, Rabiu said that although Takaful insurance is still in its infancy compared to conventional insurance, the industry has witnessed a huge increase and reached a global market size of $22 million in just a short time. of time.

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