In response to growing interest from our Clients globally, NDI Insurance & Reinsurance Brokers Ltd was delighted, in November 2015, to announce the launch of NDI Takaful & Retakaful Ltd, a separate registered associate company.
Operating from our UK base the company is uniquely positioned to provide a gateway from our worldwide Clients seeking Islamic risk protection. NDI has excellent relations with global takaful markets, including those based in London, and has access to high quality, price-competitive capacity that achieves Shariah compliance both in terms of the product and delivery.
In the name of Allah, the beneficent, the merciful.
In recent years NDI has been actively serving Clients from various regions seeking retakaful capacity. The rise of global Islamic economies has resulted in more banks and financial institutions applying Islamic principles and subsequently takaful has been increasingly accepted as an alternative insurance. Similar to insurance, takaful can provide the same benefits, coverage and protection to the participants, and it has an additional unique feature, it is compliant with Islamic Shariah principles. We thank Allah Almighty for providing us with the direction towards this exciting venture. We pray for the strength of Allah Almighty in satisfying our commitment to serve our valued Clients with high standard of professionalism. Beyond any commercial gain we anticipate generating from retakaful transactions, we will contribute to suitable charitable causes in line with the principles of Shariah.
May the peace, mercy and blessing of Allah be with you.
In the past insurance was not always widely used in Islamic countries and by Islamic communities worldwide. There has been a major transformation, however, and significant opportunities are now arising as takaful and retakaful risk transfer solutions are increasingly available.
Our takaful and retakaful markets are based both in the UK and throughout the Islamic world. We have access to compliant retakaful programmes across the spectrum, encompassing proportional, non-proportional and facultative solutions.
We very much look forward to discussing the range of fully compliant services we can offer you.
NDI Takaful & Retakaful Ltd is a Appointed Representative of NDI Insurance & Reinsurance Brokers Ltd which is authorised and regulated by the Financial Conduct Authority.