Green Energy
Willis Insurance will be a British sharia financier
News comes of a British company that's going to offer sharia finance services:
One of the world's oldest insurance brokers, Willis Group Holdings, will offer sharia-compliant commercial real estate coverage in Britain for the first time, helping address capacity constraints in the Islamic insurance (takaful) sector.
Set up in 1828, New York-listed Willis will offer the coverage through the Islamic insurance platform developed by London-based Cobalt Underwriting, one of several initiatives aimed at boosting London's credentials in the Islamic finance industry.
"Hand in hand with the growth in Islamic finance is the demand for sharia-compliant insurance cover, in particular for real estate investors," said John Dilley, managing director of the Willis real estate practice.
Yeah, investors who seek to build whole neighborhoods for Muslims to live in, no doubt. It's not just Tower Hamlets that could become a Muslim enclave. This program clearly is meant to increase their locations of residency as they turn the UK further into "their" territory.
-
London Steps Up Islamic Finance Ambitions
Selling Them The Rope To Hang Us From Sailan Muslim: Britain is encouraging banks through a task force to establish sharia-compliant products, aiming to position London as a Western hub for a fast-growing Islamic finance sector that is expected to reach...
-
Aig Brought Up On Charges For Promoting Sharia Finance With Federal Money - Judge Is A Muslim
From Atlas Shrugs: The nationalized AIG Commercial Insurance, via its RSC company, is introducing what it says is a first in the U.S.: a homeowner's insurance product that is compliant with key Islamic finance tenets. Shariah (Islamic) finance adheres...
-
Gordon Brown Wants Uk To Be The International Financial Center For Sharia Products
After Dutch MP, Geert Wilders was declared "persona non grata" and deported from UK because his presence was threatening community harmony, I found that Times On Line published an article (which herroyalwhyness pointed out to me was written in March...
-
Aig Defies U.s. Taxpayers By Promoting Sharia In America
From Jeffrey Imm: For the third month in a row, AIG is in the news regarding its promotion of Sharia-compliant finance (SCF) products, which promote the Islamic supremacist, segregationist ideology of Sharia. For a company struggling with its financial...
-
Uk Looks To Become A Global Provider Of Islamic Finance
From Mortgage Strategy: A government organisation is looking to educate financial institutions in a bid to help the UK become a global provider of Islamic finance. UK Trade & Investment, which incorporates the work of the Foreign & Commonwealth...
Green Energy