Jaiz Takaful Insurance

#Kano Gets First Islamic #Insurance Services

Islamic insurance services were formally launched yesterday in Kano, Nigeria. The launching ceremony of Jaiz Takaful Insurance was held at the premises of the palace of the Emir of Kano. The managing director of Jaiz Takaful Insurance, Mahmud Moussa Joof disclosed that the sector has currently recorded 25 to 35% global growth. He added that Takaful insurance was open to everybody as against contrary insinuations from certain quarters. At the ceremony, the Emir of Kano, Muhammad Sunusi II lamented over the faulty payment system by insurance service providers in Nigeria. The Emir urged operators of the Islamic Insurance business to be honest to Kano people, while urging Kano people to form cooperative groups to access the Islamic insurance services, affirming that, subscribing to insurance services is permissible in Islam.

Emir Sanusi to launch #Takaful insurance Monday

The Emir of Kano, Muhammad Sanusi II, is expected to launch Kano branch of Jaiz Takaful Insurance on Monday 30th October, 2017. Jaiz Takaful's CEO Momodou Musa Joof said the company would tap Emir Sanusi’s royal blessing to improve on insurance penetration in Nigeria and Kano in particular. The ceremony which will partly feature parley between the top management officials of the Company and Kano business communities and associations, would have the Company’s Board Chairman, Dr. Umaru Abdul Mutalab as a special guest.

Jaiz Foundation Commences #Takaful Islamic Insurance

The Jaiz Foundation is set to kick start Islamic ‘Takaful’ Insurance in Kaduna, Kano, Lagos with head office in Abuja. As part of the final preparation, the Foundation held a week induction training for the staff of the organization. The chairman of Jaiz Takaful Insurance advised Nigerians to take advantage of the new insurance concept. According to Mananging Director of Jaiz Islamic Takaful Insurance, Momodou Musa Joof, the company shares profit by 80% to its participants who have not suffered losses. In the meantime, those who suffer losses would have been paid first before the distribution of profit. The elements which goes to the needy, which is called Zakat is also distributed before profit is shared. Prominent scholars like Prof Muhammed Nasirudeen Maiturare, the Vice Chancellor of Ibrahim Badamosi Babangida University, also participated in the induction training for the staff of Jaiz Takaful Insurance.

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