INSURANCE FOR MUSLIMS

INSURANCE FOR MUSLIMS

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The Insurance Regulatory Authority (IRA) is now considering opening up for Islamic insurance, also known as Tukafuli to cater for the Muslims barred from the conventional insurance.

 

The Chief Executive Officer IRA Kaddunabbi Lubega says the new move is viewed as a timely gateway to rescue the struggling local insurance industry.

 

In an exclusive interview with Urban TV Kaddunabbi noted that the authority’s move to consider other types of insurance will create more options for customers, boost competition and lead to improved service delivery.

 

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