Takaful Solutions
The global demand for Islamic finance products, offering ethical and transparent ways in which 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.Examples of growth areas include employee benefit schemes, healthcare products, household and motor insurances and more specialist areas such as medical malpractice.
In response to this growing demand, Kane offers its clients a range of services relating to the implementation of Takaful and Shari’a compliant structures, including the on-going management of Shari’a compliant captive subsidiaries and Takaful Operator services.
Kane has specialist knowledge in the implementation of Takaful and Shari’a compliant structures and 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. Kane is Shari’a compliant, having appointed its own Shari’a Supervisory Board.
We provide a complete solution to our clients, 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.