Apr 01 2011 |
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Life Takaful for Kenya
The CEO of Kenya's Pan Africa Life Assurance, Tom Gitoho has told The Islamic Globe his firm is on the verge of bringing life Takaful to the country.Pan Africa and Cannon Assurance, a composite insurance company in Kenya, are adding life Takaful to their portfolios later this year as part of the private sector's drive to be the hub of Islamic finance in East Africa.
"We are obviously looking at it as it is an area we cannot ignore given the size of this emerging market," Gitoho said, "but we want to do it well and are therefore not going to rush in," he added.
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