Northern Nigerian Breaking News

Jaiz Takaful shares surplus worth N84.5 million, unveils mobile App

38

By Sulyman Abubakar

A premier Islamic insurance company, Jaiz Takaful Insurance PLC, has distributed surplus worth 84.6 million naira to its clients in Kano for the 2020 fiscal year.

The company’s Managing Director, Ibrahim Usman Shehu revealed that one hundred and twenty one million naira surplus was realised from which 80% of the money was distributed to the participants and 20% into their reserve.

Shehu who narrated the historical performance during the distribution noted that the insurance company has come to stay in the industry.

“Takaful is a system of insurance that is based on non-interest finance whereby people and organisation (called participants) contribute money into a pool (fund) which is used to pay their losses, damages or financial suffering (claims) arising from certain risk over a period,’’ Shehu said.

elsamad new

“Claim expenses, commission and retakaful expenses are generally deducted from the fund, if money remains in the fund at the end of the company’s financial year, it is shared among the participants who do not suffer any loss (claim) in proportion to each participant’s contribution.”

He further noted that so far 600 participants have benefitted from the shariah-compliant insurance company in Nigeria.

IMG 20220523 134843 1 IMG 20220523 135034

While acknowledging the challenges facing Islamic banking institutions in Nigeria, the guest speaker, Dr Bashir Aliyu Umar said Islamic finance is making giant progress since the inception of Jaiz Bank which was being trailed by other non-interest banks such as TAJ, Lotus and other windows in conventional banks.

Read Also: Jaiz Partners BUK On Halal Product’s Promotion

Presenting the symbolic cheques, the Emir of Kano Alhaji Aminu Ado Bayero expressed his happiness with the successes being recorded by the company.

The Emir represented by Alhaji Mohammed Dankade called on businesses and people in Kano that do not have insurance cover to consider joining Jaiz Takaful or any insurance company of their choice to reap the benefits therein.

On his part, Kano State Governor Abdullahi Ganduje said the State recently ordered engaging Jaiz Takaful Insurance for 100 buses procured for use in the state.

The governor represented by his Special Adviser on Intergovernmental Affairs Hon. Muhammad Tofa said the State is committed to patronizing the company, saying government buildings and businesses would be covered by Takaful.

Solacebase reports that three symbolic cheques were presented to beneficiaries while other participants would be credited with their surplus within 24 hours.

Meanwhile, renowned Kano business Mogul, Aminu Dantata unveiled the newly developed Jaiz Takaful Mobile App at the occasion.

38 Comments
  1. Stromsibra says
  2. Ralphcatty says

    free cialis sample canada generic version of cialis

  3. Ivergeld says

    п»їorder stromectol online ivermectin lice oral

  4. ChesterMes says

    https://stromectolgf.com/# ivermectin price comparison

  5. graliontorile says

    F*ckin’ awesome things here. I am very glad to see your post. Thanks a lot and i’m looking forward to contact you. Will you kindly drop me a mail?

  6. MichaelRot says

    price of viagra viagra online usa

  7. RaymondLiz says
  8. cell phone hackers for hire says

    Hi my loved one! I want to say that this article is awesome, great written and come with approximately all significant infos. I’d like to look more posts like this.

  9. RaymondLiz says

    https://buynolvadex.store/# does tamoxifen cause bone loss

  10. HomerTak says

    buy tadalafil 20mg price in india cheapest tadalafil india

  11. Williamneolf says

    lipitor price in canada lipitor purchase online

  12. Georgedub says

    https://erectionpills.best/# best drug for ed

  13. zorivare worilon says

    I was curious if you ever considered changing the layout of your website? Its very well written; I love what youve got to say. But maybe you could a little more in the way of content so people could connect with it better. Youve got an awful lot of text for only having 1 or 2 images. Maybe you could space it out better?

  14. Georgedub says

    https://diflucan.icu/# diflucan brand name

  15. Isiahchoxy says

    erection pills online buy ed pills online

  16. Steventriab says

    https://edpills.best/# best ed pills

  17. MichaelRip says

    treatment of ed causes of ed

  18. Phillipwet says
  19. Allanjes says

    https://stromectoltrust.com/# stromectol tab 3mg

  20. BrandonEcofs says

    stromectol over the counter stromectol 3mg tablets

  21. WilliamSuiny says

    stromectol 3mg tablets order stromectol over the counter

  22. JamesVor says

    https://stromectoltrust.com/# order stromectol over the counter

  23. LarryBat says

    https://pharmacyizi.com/# medication for ed dysfunction

  24. Stevelor says
  25. Richardcaumn says

    online medications medications for ed

  26. Stevelor says

    which ed drug is best how to cure ed

  27. Stevelor says

    meds online without doctor prescription online prescription for ed meds

  28. GeorgeWhope says

    https://canadiandrugs.best/# how can i order prescription drugs without a doctor

  29. ThomasStymn says

    https://canadiandrugs.best/# prescription drugs without prior prescription

  30. ThomasStymn says

    https://erectionpills.shop/# non prescription erection pills

  31. KeithSek says

    pharmacy website india sure save pharmacy

  32. ‏ipod nano says

    I appreciate you sharing this blog article. Fantastic.

  33. buddha statue says

    Really Appreciate this update, can you make it so I receive an email sent to me every time you write a new post?

  34. CareyOxype says

    ivermectin 8000 ivermectin for ear mites in rabbits

  35. Dede tarafından dışarı sikildi Oral seks genç Eski Porno Güzel Genç ve.
    3:44. Porno yüze boşalma twinks yarrak emiyor
    Dede ve götten sikişiyor. 7:45. Büyükanne Torunu Tarafından Kullanılan.

  36. Buy that sweet, sweet diabetes medication online without any of those annoying
    scripts Discount diabetes meds online – no prescription needed.
    Let’s get that blood sugar down!
    Insulin delivery to my home No prescription diabetes medication online

  37. Steve says

    Magnificent goods from you, man. I have take into account
    your stuff prior to and you are just extremely
    fantastic. I really like what you’ve obtained right here, really like what you are
    saying and the way during which you say it. You’re making it enjoyable and you continue to care for
    to keep it wise. I can’t wait to read far more from you. This is
    really a tremendous web site.

  38. I’m not that much of a internet reader to be honest but your sites really nice, keep it up!
    I’ll go ahead and bookmark your website to come back down the road.
    All the best

Leave A Reply

Your email address will not be published.