Sharia-compliant insurance in Sudan : micro-takaful case study

الملخص EN

The purpose of this paper is to briefly review the Sudanese micro-insurance (micro-takaful) experience as a case study of Sharia-compliant microinsurance industry in Africa.

The paper starts with the concept and then moves to micro-takaful in Sudan.

The review of the Sudanese experience in micro-takaful is made through four sections, based on historical evolution: Section (1): discuses initial ideas of micro-takaful before 2008.

Section (2): elaborates on the experience of microtakaful during the period 2008-onward.

Section (3): reviews the application of the micro-takaful a san insurance & guarantee at the same time via the Joint Comprehensive Policy (JCP) and the Comprehensive Insurance Policy (CIP) that has been adopted recently.

The final section includes the conclusion and policy recommendations.