An independent monitoring commission for Islamic insurance

The ten-year strategic plan imposed by the regulators to modernize the country’s financial services and support the capital market has come to its final stage.
The main points include asset management, private investments, and Islamic insurance for which the State advocates the creation of a legislative framework that is independent from traditional insurance. It is in 2011 that the first Islamic insurer, Takaful Insurance of Africa, was established in Kenya. A Takaful reinsurer is poised to be set up in 2014.

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