Market Watch: Connecting with the UK Muslim community
Emmanuel Kenning looks at opportunities and developments in the UK takaful market
When it comes to meeting the UK Muslim population's takaful requirements, the much-maligned banking sector is a good area for brokers to study in detail for guidance on how to approach it.
In 1998, HSBC formed HSBC Amanah, which began trading in the UK in July 2003. The bank estimates that there are two-and-a-half million Muslims living in the UK, around half of whom are under 18. To serve those Muslims who adhere to the Islamic law concerning not earning interest on investments, it offers a
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