Second wind for Sharia-compliant Salaam Halal

Principle Insurance Holdings, the parent company of Salaam Halal, the UK’s first Sharia-compliant insurance brand, has announced the conditional sale of Principle Insurance Company Limited and Principle Marketing Services Limited, to Kuwait-based Al Salam Group Holding.

The transaction could result in the relaunch of Salaam Halal, which began trading in July of 2008 with a motor insurance offering aimed at the 1.6 million Muslims living in Britain.