December 2, 2022

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Sakeholders advise Nigerians to subscribe to Takaful insurance coverage


Insurance coverage stakeholders drawn from the personal sector and the academia have suggested Nigerians, together with enterprise house owners, to subscribe to Takaful insurance coverage because it stays the one moral insurance coverage that gives monumental advantages to all members of society.

This was the submission echoed on the Takaful workshop organized by Noor Takaful Insurance coverage Restricted on Wednesday, September 28, 2022, in Ibadan, Oyo State.

The occasion themed: “Takaful: The Subsequent Frontier For Insurance coverage”, featured a panel session involving students, businessmen, non secular leaders, as properly practitioners within the trade, a few of which embody the Chief Imam of Oluyole Central Mosque, Alhaji Mudasir Bada; Chairman, Oyo State Muslim Group, Alhaji Kunle Sanni; Chairman, Vanguard Pharmacy Restricted, Alhaji Taofiq Odukoya; Rector, School of Insurance coverage and Monetary Administration (CIFM), Dr Yeside Abiodun Oyetayo and Chief Working Officer, Citiserve Restricted, Dr Jubril Salaudeen, who moderated the session.

Delivering his welcome remarks, the Chairman, Noor Takaful Insurance coverage Restricted, Mr Muhtar Bakare, famous that the workshop was organized to deliberate on the position Takaful Insurance coverage can play in managing the rising degree of uncertainties on the planet by offering assist when needed and selling collaboration and fairness for the folks.

He defined additional that the Takaful mannequin, which operates on the Sharia rules of empathy and equity, affords an reasonably priced window of inclusion to hundreds of thousands of Nigerians who’ve hitherto been excluded from the formal monetary sectors of the economic system.

“The Different Finance sector of which Takaful Insurance coverage is a serious sub-sector presents credible routes to stability by means of various fashions of financial administration and various fashions of supply of economic companies to create extra sustainable, extra equitable and extra inclusive progress”, he mentioned.

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In his keynote remarks, the Chairman, Oyo State Muslim Group, Alhaji Kunle Sanni, represented by Barrister Rasheed Attah, defined that the Takaful mannequin stays the perfect insurance coverage choice for Nigerians as it’s guided and controlled by ethics, fairness and equity in addition to being regulated by the Nationwide Insurance coverage Fee (NAICOM).

Additionally talking, the Vice-Chairman, Noor Takaful Insurance coverage Restricted, Mr Aminu Tukur, acknowledged that the corporate is happy to convey Takaful insurance coverage to Ibadan, saying that it might proceed to drive large consciousness for Takaful to the extent that it turns into broadly acceptable amongst Nigerians together with non-Muslims.