Lagos's National Insurance Commission (NAICOM) has granted approval for the first two full-fledged takaful insurers to sell Islamic insurance in the country and is reviewing a number of other applications. The new takaful companies are mostly foreign-owned, with investors from the Middle East and Asia who have the experience in Islamic insurance.
Nigeria's National Insurance Commission (NAICOM) has granted approval for the first two full-fledged takaful insurers to sell Islamic insurance in the country and is reviewing a number of other applications. The new takaful companies are mostly foreign-owned, with investors from the Middle East and Asia who have the experience in Islamic insurance.