Emir Sanusi Launches Nigeria’s First Islamic Insurance Company

The 14th Emir of Kano, Muhammadu Sanusi II, has launched Nigeria’s first Islamic insurance company.

The company, ‘Jaiz Takaful Insurance’, was unveiled on Monday at an event in Kano.

Speaking at the event, Sanusi hailed the initiative, calling it a welcome development to contribute towards boosting the country’s economy.

According to him, the policy, which will be guided by Sharia, was not only for the Muslim, but also for non-Muslims to ensure that its members were treated equally and fairly.

“The Insurance Scheme will assist the small scale business people to replace their lost property, especially whenever a disaster which we are not praying for has occurred,” the emir said.

“The scheme would assist the registered members to replace their lost property, either due to fire outbreak or accident, through their contributions,” Emir Sanusi added.

Sanusi further called on Governor Abdullahi Ganduje to register all the state’s property, including vehicles and houses, with the Takaful insurance company.