TAKAFUL

The Takaful under formation intends to be a full-fledged Takaful which will operate throughout Ethiopia. All its activities and processes will comply with Sharia finance principles and all the related NBE's proclamations and directives. To ensure the Takaful is operating as per the Sharia finance principles, there will be a diversified and qualified Sharia Advisory Council. Businesses related with alcoholic beverages, gambling, pork, interest, and others impermissible by Sharia will not be considered in the Takaful under formation. It is expected that this business requires more effort and care than the conventional insurance. Besides, the Takaful will give high emphasis on investment options and appraisals since the Takaful is expected to be involved in the investments with collected funds in different pools. Takaful professionals and investment professionals will manage the Amana Takaful Share Company... To provide safety from various risks through innovative Takaful products and..