Kane Group: Captive Management - Takaful Solutions

Takaful Solutions

Global demand for Islamic finance products, offering ethical and transparent ways to invest, is growing rapidly. Shari'a compliant structures are becoming increasingly attractive propositions, not just as alternative solutions for investment, but as a primary area of focus and opportunity for both corporate groups and individuals.

Kane offers clients a range of services relating to the implementation of Takaful and Shari'a compliant structures, including Shari'a compliant captive subsidiaries. The company is appropriately licensed in the Kingdom of Bahrain and Dubai to provide Takaful Operator services as well as the management of Shari'a compliant captive subsidiaries.

In 2010, Kane was awarded the '2010 Product Innovation Award' by Gulf Insurance Review, in recognition of its efforts in developing compliant captive structures.

Kane provides a complete client solution, including:

• Risk management services to enable organisations to identify, evaluate and appropriately manage their risks;
• Producing feasibility reports recommending how Takaful or Shari'a compliant captives should be structured;
• Submitting a business plan and formal application to the regulator and establishing the company; and
• Performing ongoing Takaful Operator or Shari'a compliant captive management services as appropriate.