Islamic Insurance Company

Islamic Insurance Company
TypePrivate
Industryinsurance
Founded2014
HeadquartersMogadishu, Somalia
Key peopleMohamed Abdi Mohamed (General Director)

The Islamic Insurance Company, also known as the FISO-TAKAFUL, is a private insurance firm based in Mogadishu, Somalia.

Overview

The Islamic Insurance Company was founded in December 2014. It is the first full service insurance firm to be established in Somalia in over 20 years.

The company offers life, vehicle and property insurance to local businesses and individuals, in accordance with Islamic insurance tenets (takaful). It also aims to provide Sharia-compliant insurance products throughout the nation and globally.

Additionally, the firm is partnered with a number of international insurance companies.

See also

References

  1. 1 2 "Weekly Press Conference on the Progress of the Government". Goobjoog. 3 January 2015. Retrieved 5 January 2015.
  2. 1 2 3 "Somalia opens first insurance company in over 20 years". Goobjoog. 29 December 2014. Retrieved 5 January 2015.