NAICOM Approves Two More Takaful Insurance Applications

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NAICOM Approves Two More Takaful Insurance Applications
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Takaful Insurance is a type of Islamic insurance wherein members contribute money into a pool system to guarantee each other against loss or damage. The National Insurance Commission has issued in principle to Cornerstone Takaful Insurance Company Limited and Salam Takaful Insurance Company Limited as Composite Takaful operators to transact both family and general Takaful businesses in the country.

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