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KENYA RE RETAKAFUL COMPLIANT

Kenya Re received certification from the Shariah Supervisory Board after an assessment carried out by the body to ascertain the compliance of Kenya Re Retakaful business to Shariah principles. The review was for the period ended 31/12/2016 and was conducted to form an opinion as to whether the institution had complied with Shariah principles and with rulings issued by the Shariah Supervisory Board.

 

The board recommended that the contracts, transactions and dealings entered into Kenya Re Retakaful during the above period were in compliance with the Shariah principles. It also noted that the allocation of profit and charging of losses relating to investments accounts conform to the basis that has been approved in accordance with Shariah Principles.

 

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