As one of the most developed countries in Africa, Nigeria has clear and strong economic potential. Takaful has the potential to become a strong segment of Nigeria’s life insurance sector. Takaful can be a platform for financial inclusion, however, not just for Muslims, but also for certain segments of the country’s Christian population. Takaful could also have a positive impact on insurance penetration overall. For this to happen, however, NAICOM believes more trust would have to be built in takaful, especially among Nigeria’s Muslim population. 

Growth in the Takaful industry in general can be escalated if well planned and targeted awareness campaigns could be run within the country. AlHuda CIBE is committed to impart sound knowledge about Islamic banking and finance around the globe. For this, AlHuda CIBE is going to organize Two Days African Takaful (Islamic Insurance) Forum in Nigeria. It would surely play a pivot role in the capacity building, attracting investors and most importantly develop a robust financial system for a vibrant economy.