"Sharia-compliant products like takaful have real attractions for British Muslims and you have to remember this is not only a growing market but one where UK Muslims are becoming increasingly affluent," said BIIH
chief operating officer John Willmott.
BIIH was formed last year and raised a capital of [pounds sterling]19 million from Gulf-based institutional and private investors during the year.
This moves us one step closer to full regulatory approval," said BIIH chief executive officer Bradley Brandon-Cross.
Other international market leaders partnering with the 3rd Annual World Takaful Conference include FWU International, Solidarity, Takaful Re, Ernst & Young, British Islamic Insurance Holdings (BIIH
), Calyx Financial, Amana Takaful Insurance, Abu Dhabi National Takaful Company, AM Best, Sheikan Insurance & Re-insurance, and Norton Rose.