Get The Facts On Dispute Resolution Before Entering Into A Takaful Venture

With all the domestic financial chaos in the United States today, it’s no surprise that many financial institutions–especially insurers and reinsurers–are seeking fresh, non-conventional, foreign sources of capital and revenue.

Many have been looking to countries such as Saudi Arabia, Bahrain, Malaysia and others in the Middle East and Southeast Asia that ascribe to Islamic law and its system of financing and insurance. Several U.S. insurers and reinsurers, in fact, have already established successful operations in the region, offering a range of Takaful (Islamic insurance) and ReTakaful (Islamic reinsurance) products.