Insurance - , England, United Kingdom
Principle Insurance Holdings Limited is the first dedicated Takaful insurance provider in the UK.Principle Insurance is a private limited UK company that has developed and launched Halal insurance products, based on the underlying Islamic principle of Takaful. It is estimated that there are at least 2 million Muslims in the UK who could benefit from Halal insurance products. The company received FSA authorisation in May 2008, and has raised in excess of £60 million of capital. The shareholders are institutional and private investors predominantly from GCC countries, including the Kingdom of Saudi Arabia, Bahrain, Kuwait, the UAE and Malaysia.Takaful insurance, which was tailored to meet the needs of the UK's Muslims, was launched under a new consumer brand - Salaam Halal insurance.