Emir Sanusi Launches First Islamic Insurance In Nigeria

The Emir of Kano, Malam Muhammad Sanusi 11, on Monday, October 30, in Kano, launched the first Islamic insurance in Nigeria, tagged ‘Jaiz Takaful Insurance’.

The Emir said at the event that the introduction of the system in Nigeria was a welcome development, especially as it would contribute towards boosting the country’s economy.

According to him, the policy, which will be guided by Sharia, is not only for the Muslim, but also for non-Muslims. “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.

Sanusi added that the scheme would assist the registered members to replace their lost property, either due to fire outbreak or accident, through their contributions. He called on Gov. Abdullahi Ganduje to register all the state’s property, especially vehicles and houses, with the Takaful insurance company. The emir also called on tricycle riders in the state to register their machines for the safety of their property, calling on the company to ensure that its members were treated equally and fairly.