Centering on Islamic ethics, the concept of takaful insurance reaches out to clients who value transparent policies and financial practices, which steer clear of investments which are morally less-than-pristine. As financial security scheme, the takaful approach by its very name implies mutual protection and solidarity among policyholders. While the term relates to the entire range of Islamic insurance, some operators associate it in particularity with the Islamic alternative to conventional life products. Present for over three decades in some markets, beginning with Sudan, and gaining strength in the Islamic countries in Southeast Asia, Malaysia and Indonesia, TAKAFUL has lately attracted growing attention in European countries with significant Muslim populations, such as the United Kingdom. In Lebanon, insurance firm Al Aman Takaful Insurance (ATI) began operations as the country’s first Islamic insurance operator in 2002 and is expanding. “We are the first takaful insurance provider in the Lebanese market and deal
