Islamic Insurance Company

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

The Islamic Insurance Company, also known as the FISO-TAKAFUL, is a private insurance firm based in Mogadishu, Somalia.[1][2]

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.[2]

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.[2]

Additionally, the firm is partnered with a number of international insurance companies.[1]

See also

References

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