Bookmark and Share
FOLLOW US:        
Sukuk News
Takaful perceived as having significant potential in Tanzania.
AlHuda CIBE has a long term vision for the development of Islamic Banking and finance industry in Tanzania: Zubair Mughal
3rd March, 2015
Takaful perceived as having significant potential in Tanzania.3rd March, 2015 (Dar es Salaam) “Takaful is an opportunity whereby a big population of our people will have a chance to access insurance using Takaful system”. This was stated by Mr. Paul J. Ngwembe, Director Legal Enforcement, of Tanzania Insurance Regulatory Authority (TIRA). He was speaking at the conclusion of a two days specialized Takaful workshop arranged for Insurance and risk management professionals by Al-Huda, Centre of Islamic Banking & Economics (CIBE). The said awareness workshop was arranged in Dar es Salaam and had a jam-packed audience from the Insurance industry. Mr Paul also disclosed that TIRA is at the final stage of drafting Takaful Regulations with a view to setting up a regulatory mechanism of Takaful in the country. He said that TIRA encourages all stake-holders, including insurance professionals, Takaful Operators, Agents and experts to attend such workshops so as to acquire the requisite know-how of this pristine system, he also appreciated AlHuda CIBE efforts for the development of Takaful Industry.

Earlier, Capt. M. Jamil Akhtar Khan, Principle Consultant Al-Huda Centre of Islamic Banking and Economics conducted a comprehensive Takaful awareness workshop that comprised of several sessions. He particularly emphasised the importance of Health-Care as well as Personal Lines’ business that can be provided as ‘Micro-Takaful’. To this end, he observed, TIRA had already notified Micro-Insurance Regulations in March last year and their intended Notification of Takaful Regulations 2015 shall further strengthen their resolve to get things moving in the right direction.

Towards the end of the Workshop, Mr. Paul was invited to distribute participation Certificates among the participants. He also thanked the organizers for conducting such an important workshop. Also present on the occasion, was Mr. Zubair Mughal, the Chief Executive Officer of Al-Huda CIBE who individually met the participants on the side-lines of the Takaful workshop and congratulated them all on their keenness to learn more about the Takaful system & mechanism.

Zubair Mughal added that AlHuda CIBE has a long term vision for the development of Islamic Banking and finance industry in Tanzania and other African countries as AlHuda already established their branches network in Uganda & South Africa. He mentioned that a Takaful company can work independently but Islamic Banking industry cannot work without Takaful as Islamic Banking needs Shariah Compliant insurance solution to get rid from amalgamation of Interest, if we want to develop Islamic Banking Industry then we have to develop Takaful industry as well. He also admired the sincere efforts taken by TIRA to introduce Takaful regulations in near future.

About AlHuda CIBE:
AlHuda Center of Islamic Banking and Islamic Economics (CIBE) is a well recognized name in Islamic banking and finance industry for research, advisory and capacity building over the last ten years. The prime goal has always been to remain stick to the commitments and provide state-of-the-art Advisory Consultancy and Education through various well recognized modes viz. Islamic Financial Product Development, Shariah Advisory, Trainings Workshops, and Islamic Microfinance and Takaful Consultancies etc. Side by side through our distinguished, generally acceptable and known Publications in Islamic Banking and Finance.

We are dedicated to serve the community as a unique institution providing Services not only in UAE/Pakistan but all over the world. We have so far served in more than 25 Countries for the development of Islamic Banking and Finance industry so far. For further Details about AlHuda CIBE, please visit: www.alhudacibe.com

For Media Contact:
Ms. Shaguftta Perveen
Manager Communications,
Sukuk News
  • Apex Islamic Micro Finance leaders gathered at GIMF in Malaysia. more..

  • AlHuda CIBE has long term vision for East African Islamic Finance Market. more..

  • 5th Global Islamic Microfinance Forum will be held in Malaysia more..

  • Islamic Finance is an Ideal tool of Financial Inclusion more..

  • Funding Sources for Islamic Microfinance Institutions more..

  • West Africa an Emerging Market of Islamic Finance: Zubair Mughal more..

  • AlHuda CIBE Sign agreement with Islamic Chamber of Commerce (ICCIAU) to promote Islamic Banking in Uganda more..

  • Islamic Finance is emerging as an alternative source of financial sustainability in Europe more..

  • Halal Research Council will provide services to promote Halal Industry in Nigeria. more..

  • Pakistan would be the Halal Hub of future: Zubair Mughal more..

  • Takaful perceived as having significant potential in Tanzania. more..

  • Islamic Banking and Finance has progressive outlook in 2015 more..

  • AlHuda CIBE set to enter into Uganda Market more..

  • Japan can get better financial positioning in Int'l market through Islamic Finance more..

  • 4th Global Islamic Microfinance Forum Came to an End in Dubai more..

  • Global Islamic Microfinance Forum Ready to Set New Standards more..

  • Islamic Microfinance is an effective tool of Financial Inclusion more..

  • Tanzania has Big Potential for Islamic Finance: Muhammad Zubair Mughal more..

  • A New Initiative for the Development of Islamic Microfinance more..

  • Global Islamic Microfinance Forum to be organized in Dubai more..

  • Al Huda CIBE extending its services to the USA market more..

  • AlHuda CIBE Eyes African Islamic Finance Market more..

  • Pakistan and Sudan Leading in Islamic Microfinance Industry more..

  • MoU signed to promote Islamic finance in France. more..

  • SESRIC- OIC and AlHuda CIBE sign MoU more..

  • Poverty in Europe can be reduced by Islamic Microfinance more..

  • Poverty in Muslim World is Rapidly Increasing: Zubair Mughal more..

  • AlHuda CIBE will Organize African Islamic Banking and Finance Road Show more..

  • Arab countries can alleviate poverty through Islamic microfinance more..

  • 2014 will be promising for Islamic Finance Industry more..

  • Tunisia has big potential for Islamic Finance: Zubair Mughal more..

  • A New Venture Established to Strengthen Islamic Finance in France and USA more..

  • Islamic Microfinance should be Introduced Internationally: Dr. Fatima Al-Blooshi
    Three days 3rd Global Islamic Microfinance Forum ended in Dubai more..

  • The Global Islamic Microfinance Forum Ready to Set New Standards
    The Forum will determine the Standards and strategic policies more..

  • A Big Question Mark on Islamic Finance Industry
    Muhammad Zubair Mughal - zubair.mughal@alhudacibe.com more..

  • Islamic Microfinance Research Study initiated in Yemen - 8th May, 2013
    Existing demand and future trends of Islamic Microfinance will be determined: Zubair Mughal. more..

  • Islamic Microfinance Market size touches $1 billion - 17th April, 2013
    Islamic Microfinance industry is rapidly progressing due to its superior performance for poverty alleviation. more..

  • The Global Islamic Microfinance Forum will be held in U.A.E - 05/09/2012
    The Forum will determine the Standards and policies for sustainable Islamic Microfinance development. more..

  • Yemen will Host an International Workshop on Islamic Microfinance - 28/08/2012
    Workshop is being jointly organized by Yemen Microfinance Network and AlHuda Centre of Islamic Banking and Economics, Pakistan more..
Upcomming Events
Other Services
Copyrights © All Right Reserved 2018 Alhudacibe.com