IslamicFinance.de

Insurance professionals have confirmed that, contrary to their expectation, consumers of takaful insurance, targeted at Muslims in the Northern part of the country, consist more of Christians from the South-East extraction. Moreover, the Vice Chairman of the Chartered Insurance Institute of Nigeria (CIIN) Oyo State Chapter, Mr. Babatunde Omosola, confirmed that takaful insurance products have been doing well in the market because they meet the needs of low income earners including motorcyclists, teachers and farmers, and very simple too. Meanwhile, the President of CIIN, Mr. Wole Adetimehin, has reassured that the institute would remain focused in its support the industry by building the necessary human capital to grow the industry.