BH also wants in on Islamic insurance

Posted by on Jun 13th, 2013 and filed under Islamic Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

With strong support from a government dominated by the Ennahda party, Islamic finance has become an El Dorado of sorts for Tunisia’s financial establishments. And this despite the fact the constituent parliament hasn't yet adopted the least regulation for such operations which were taboo during the days of Zine El Abidine Ben Ali. An affiliate of the state-owned Banque de l'Habitat (BH), Assurances Salim, is poised to break into the market for Islamic insurance and re-insurance. In the works since last year, the operation will lead to the creation of Attakafoulia, a limited liability company with an initial registered capital of €5 million.


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