IslamicFinance.de

In #Nigeria the National Insurance Commission (NAICOM) will soon approve dedicated companies that will sell takaful and micro insurance products. The Commissioner for Insurance, Mohammed Kari, said that the products would ensure that everybody is carried along and actively participates in the financial sector in the country. He explained that since the release of the regulations of micro insurance and takaful, companies had opted to use the window opportunities for the products. The commissioner said that various proposals have been submitted regarding the approach to adopt and NAICOM would consider them and select the best that suits the Nigerian market.

On the annual distribution of Zakat by the Elders Consultative Forum of Supreme Council for Shariah in #Nigeria Abiola Ajimobi called on the Muslims to address the effective, efficient collection and management of Zakat fund. One of the beneficiaries of the Zakat distribution, Ridwan Olalekan, who spoke on behalf of others, promised to make judicious use of the items.