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Thursday, June 12, 2014 

Willis Insurance will be a British sharia financier

News comes of a British company that's going to offer sharia finance services:
One of the world's oldest insurance brokers, Willis Group Holdings, will offer sharia-compliant commercial real estate coverage in Britain for the first time, helping address capacity constraints in the Islamic insurance (takaful) sector.

Set up in 1828, New York-listed Willis will offer the coverage through the Islamic insurance platform developed by London-based Cobalt Underwriting, one of several initiatives aimed at boosting London's credentials in the Islamic finance industry.

"Hand in hand with the growth in Islamic finance is the demand for sharia-compliant insurance cover, in particular for real estate investors," said John Dilley, managing director of the Willis real estate practice.
Yeah, investors who seek to build whole neighborhoods for Muslims to live in, no doubt. It's not just Tower Hamlets that could become a Muslim enclave. This program clearly is meant to increase their locations of residency as they turn the UK further into "their" territory.

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