UK regulation needs tailoring for Takaful
UK insurance regulation needs to be tailored to meet the needs of Islamic financial services products if Takaful insurance is to succeed in the UK, a director of the Central Bank of Bahrain has claimed.
While Shariah-compliant — or Takaful — insurance accounts for 15% of the Bahrain market, the UK has not yet seen a wide take-up, despite its large Muslim population.
Last week, Post revealed that the
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