Session V: 23 February 2016
Presentation: Effectualisation of the Family Takaful Model in a Resilient Emerging Economy
Presented By: Ibrahim Onaleye
Designation: Group Managing Director, Jaiz Takaful Insurance Plc
Presentation Summary:
Presentation paper looking at Takaful as opposed to Mutualisation, the former epitomising communalism which is a bedrock of the Islamic and Christian faiths.
Demonstrating by appropriate deployment of the marketing concepts we can deepen the market for Islamic Finance Assets, thereby affording Takaful companies the opportunity to make profits based on ethical conduct of their business to the satisfaction of all stakeholders.
The need for takaful business co-operation across boundaries will equally be emphasised so that emerging countries like Nigeria, the largest economy in Africa but with just two Sharia compliant assets can have more Islamic Finance Assets to the benefit of local and international operators