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Takaful - Wikipedia

The International Islamic Fiqh Academy, Jeddah of the Organisation of Islamic Cooperation also approved takaful as a legitimate form of business in 1985. The Islamic Insurance Company of Sudan started as the first takaful company in 1979. By the mid 1990s, there were seven takaful companies in Sudan, Dubai, Saudi Arabia, Bahrain and Jordan.…

Islamic Economics and Finance in Sudan: An Overview ...

Islamic Economics and Finance in Sudan: An Overview The Islamic insurance System in the Sudan dates back to the year 1979. The country started Islamic Insurance in 1979 when Faisal Islamic bank established the first Islamic Insurance Company in the world. ... • Basic Principles for the Formation of an Islamic Insurance Company To fit in the ...…