The Emir of Kano, Malam Muhammad Sanusi 11, on Monday launched the
first Islamic insurance company in Nigeria, tagged ‘Jaiz Takaful
Insurance’.
The Emir at the event in Kano disclosed that the introduction of the
system in Nigeria was a welcome development to contribute towards
boosting the country’s economy.
According to him, the policy, which will be guided by Sharia, was not
only for the Muslim, but also for non-Muslims to ensure that its
members were treated equally and fairly.
“The Insurance Scheme will assist the small scale business people to
replace their lost property, especially whenever a disaster which we are
not praying for has occurred,” the emir said.
“The scheme would assist the registered members to replace their lost
property, either due to fire outbreak or accident, through their
contributions,” Emir Sanusi added.
He further called on Gov. Abdullahi Ganduje to register all the
state’s property, especially vehicles and houses, with the Takaful
insurance company.