The publication of this Directory, the first of its kind, is an attempt to highlight the concept and operations of Islamic Insurance (Takafol) Companies.

While Islamic banking is well known, financial circles are not fully conversant with Islamic insurance. A concept based on social solidarity and mutual co-operation, it is capable of solving many problems that afflict communities, particularly in developing countries.

The experience of Islamic banking has revealed that there is a definite interest in Muslim countries to introduce Islamic principles and values into all areas of life. Bearing this in mind and the conceptual superiority that Takaful has, if the necessary measures (extensive research, in-depth studies, development and marketing of Takaful products etc), are conducted, the system has great potential and can effectively compete with its conventional counterparts developing into a viable alternative.