The Retakaful Window was launched in 2013. Kenya Re is a composite Retakaful operator offering Retakaful support on proportional and non-proportional basis for treaty as well as facultative business in Africa, Middle East and Asia.
Kenya Re becomes the first local company to launch a Retakaful window. This move falls within the corporation's core strategic areas of business development which will see it penetrate new markets, expand existing markets and develop new products. Retakaful business is expected to take advantage of the rapid growth of Islamic finance market in the region...Read More
Kenya Re Model
Kenya Re’s chosen model is the hybrid model. This model is a Wakalah-Mudarabah model. In this model, each contract is distinct from the other. The Wakalah contract is the agency contract which is based on taking a fee from the participants for the management of the participant’s fund. The mudarabah contract is the investments contract based on sharing of profits.About Takaful Models