Firms gear up to target ethnic community niche
HSBC is set to introduce insurance compliant with Islamic law into the UK market. According to an HS...
HSBC is set to introduce insurance compliant with Islamic law into the UK market. According to an HSBC spokesperson, a Takaful product for insurance will be available in the next month. The product, compliant with the requirements of the Shariah (the Islamic code of conduct), is targeted at approximately two million Muslims in the UK.
According to Sabbir Patel, vice president of development at the International Cooperative and Mutual Insurance Federation, it will be "the first concerted effort
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