Skip to comments.AIG Offers First Takaful Homeowners Insurance Product for U.S. (Islamic Sharia Finance)
Posted on 12/03/2008 10:42:41 AM PST by Sammy67
Risk Specialists Companies, Inc. (RSC), a subsidiary of AIG Commercial Insurance, is introducing what it says is a first in the U.S.: a homeowners insurance product that is compliant with key Islamic finance tenets and based on the concept of mutual insurance.
Advertisement The Takaful Homeowners Policy is underwritten through RSC member company A.I. Risk Specialists Insurance, Inc., in conjunction with Lexington Insurance Co. and in association with AIG Takaful Enaya. Headquartered in Bahrain, AIG Takaful Enaya was established in 2006 to provide Takaful products, including accident and health, auto, energy, property and casualty products.
The Takaful home policy is the first installment in Lexington Takaful Solutions, a series of Shari'ah-compliant (Takaful) product offerings in the U.S.
According to Ernst & Young's 2008 World Takaful Report, Takaful was estimated to be a $5.7 billion market globally with over
(Excerpt) Read more at thereligionofpeace.com ...
Has everyone in the world gone crazy???
“compliant with key Islamic finance tenets”
I despise the idea of any American enterprise having to be “compliant” with ANYTHING pertaining to muslims.
This is sick...WTF...What makes them so special???
Do the US politicians and other economic leaders really attempting to destroy the US?
Do they really think that Sharia is a good thing?
I am dumbfounded by this pass year and all the ignorant events transpiring...
Does your family collect if the bomb you’re making goes off accidentally?
As a free market capitalist I have to disagree with the general consensus on this. If this is what AIG wants to sell, let them, if you don’t like it, don’t buy it or boycott AIG.
This, of course, AFTER all the opulent vacations the CEOs and their consorts enjoyed on our dime. Take our money, then submit to islam. Screw that. My IRA is coming out of there.
Would they sell me, a non-muslim, one of these policies if I wanted one? What if one of the “key islamic finance tenets” is better interest rates than the infidels get?
Interest? That is forbidden! Fatimah, bring my neck scimitar for the infidel!
Seriously, it seems like most of sharia finance is trying to get the interest payments on savings, loans and insurance just like westerners have but try to sneak it by the letter of the law in the Koran, as if Allah will be fooled by Enron style accounting.
It isnt free market to bail out a company with US tax dollars so they can insure someone based on “religious faith”...and a faith that has violent tendencies
It is more like Anti-American Nutty Globalism to redistribute US tax dollars to a company so they can fund political correctness....and indirectly fund hatred
Another aspect of Sharia Law is that the country/organization taking the Islamic dollars may NEVER criticize the Prophet Muhammad, Islam nor the Korah (which teaches jihad against "infidels" by the sword, sanctions violence against women and children (stoning to death, or sexual mutilation against baby girls, anyone?) and many other tenets of the "faith" which many in this country refuse to come to grips with.
Do we know what the key Islamic finance tenets are?
Free market capitalist or not it was our tax $$$ that bailed out that company and now our tax $$$ support this sharia crap????
When I sold my last house, one of my prospective buyers was an islamic family. The man of the house informed me that under islam, he was forbidden to pay interest. In order to compensate for that, he was willing to pay a premium for the house, but I had to personally carry his paper. We did not reach an agreement.
The Devil...it is bible prophecy that many die through their hands because they will not renounce Jesus. Look at India, the terrorists only let the muslims live.