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.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.