Takaful Companies
The growth in demand for Islamic insurance over recent years (particularly within the GCC countries and other areas of the Middle East), has seen a proliferation of new companies offering Islamic insurance products in these markets. The majority of these companies are full-fledged takaful operators, but conventional insurance companies have also entered the market with takaful "window" operations. As with the traditional forms of insurance, reinsurance of a takaful operation may be used, known as "retakaful".
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Famous quotes containing the word companies:
“In the U.S. for instance, the value of a homemaker’s productive work has been imputed mostly when she was maimed or killed and insurance companies and/or the courts had to calculate the amount to pay her family in damages. Even at that, the rates were mostly pink collar and the big number was attributed to the husband’s pain and suffering.”
—Gloria Steinem (20th century)