IslamicFinance.de

Randall & Quilter has accepted to buy Principle Insurance for £4.275m cash. Principle Insurance was launched and was given Financial Services Authority approval in 2008 with the purpose of meeting the motor and home insurance needs of the country's Muslim population as the only Shariah-compliant insurance provider in Britain at the time.
It has been in run-off since October 2009. Randall & Quilter has a portfolio of nine insurance companies in run-off, from the UK, US and Europe, with net assets £72.2m beginning with 30 June 2011.