Stakeholders in the private sector have urged Nigerians, especially, business owners to subscribe to Takaful insurance products hedge against uncertainties and risks in business operations.
The stakeholders, who spoke in an event themed: “Takaful: The Next Frontier For Insurance,” organised by Noor Takaful Insurance Limited, in Ibadan, Oyo State said Takaful insurance is the financial model that remains an alternative and complementary system of financial intermediation for the benefit of Nigerians.
Bakare explained that the Takaful model, which operates on the ‘Sharia principles of empathy and fairness’, offers an affordable window of inclusion to millions of Nigerians who have hitherto been excluded from the formal financial sectors. While applauding the regulator, partners as well as participants for their support for the company, Bakare assured that the underwriter would continue to take all the necessary steps to meet its obligations and commitments to clients and other stakeholders.
Also speaking, the Vice-Chairman, Noor Takaful Insurance Limited, Aminu Tukur stated that the company is excited to bring Takaful insurance to Ibadan, stating that the firm would continue to drive massive awareness and ensure that the products become widely acceptable among Nigerians including non-muslims.
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