UNITED KINGDOM ISLAMIC INSURANCE TAKAFUL UK ISLAMIC CAR HOME LIFE INSURANCE
In UK, Islamic insurance or takaful consist of an insurer policy which covers risks faced by Muslims who are living in the United Kingdom but want to comply with the Sharia law who only allows halal insurance products.
In UK, Takaful or Islamic insurance is offered to Muslims and non-Muslims who want to make sure that the payments made to their British insurer are compliant with the principles of Islam which include the prohibition of investing capital in sectors which are Haram (not allowed) such as the entertainment industry, or alcohol related sectors as well speculative derivative financial products.
In the United Kingdom, first Islamic insurers are providing with sharia compliant products such as halal homeowner insurance policies which protects landloards and tenants against accidental damage of home and contents as well as jewellery theft and personal items loss, damage or theft.
In UK, Islamic insurance has made its way despite the fact that some British Islamic car insurance policy providers as well as some UK Islamic life insurance have given up for different reasons.
UK, in terms of Takaful is offering now Islamic vehicle Takaful, family Takaful which offers a comprehensive cover in terms of Islamic health care as well as Islamic loan insurance which involves Islamic real estate borrower insurance in the United Kingdom.