Emir of Kano launches first Islamic Insurance company in Nigeria

Emir Sanusi launches “Jaiz Takaful Insurance”, first of its kind in Nigeria.

The Emir of Kano, Alhaji Muhammad Sanusi 11, on Monday launched the first Islamic insurance company in Nigeria, called ‘Jaiz Takaful Insurance’.

The Emir said at the event in Kano that the development was to boost and bolster the country’s economy.

He said the insurance scheme will be guided by Sharia and beneficial to both Muslims and non-Muslims to ensure equality and fairness.

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“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 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 therefore, called on Gov. Abdullahi Ganduje to register all the state’s property, especially vehicles and houses, with the Takaful insurance company.