First Islamic Motor Insurance in Britain

CAIRO - an Islamic insurance company based in London struck the BRITISH roads with a product oh-in conformity of automobile insurance of `of Shari which immediately attracted Moslems and not-Moslems for his moral nature.

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There was much of, of interest Kaye Pimblett, director of auto insurance to the site of Moneysupermarket.com of price-comparison, said independent on Sunday February 15.

During its first seven days on Moneysupermarket.com, Salaam Halal is turned over more than 37.000, of quotations it were added.

And when they returned a quotation, they appeared in three principal positions top more than one third of the occasions.

The insurance of Halal de Salaam launched the new policies of engine by Moneysupermarket.com and its Web own site.

The product is based on the principle of Takaful, which requires of all the participants to also share the risk and the principal devices of addresses related to the conventional insurance which is incompatible with the Shari ah.


Instead of the premiums, people contracting a policy with contributions of wages of Halal de Salaam in a swimming pool and this money are then put in investments conformity of Shari`ah.

The central swimming pool of the funds is employed to pay all the complaints which emerge, and with the end of the year, if the swimming pool with-top-is placed, the surplus will be redistributed with the policy-holders by a discount on their next premium.

But if the complaints are higher than contributions, the complaints and they of excess of wages of shareholders recover their money in period of the benefit.

The prohibited Islam of the Moslems of wear, arousing...

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