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Friday, August 18 2017 @ 06:09 PM AST

Minister Baksh to open Islamic Insurance Program

General News

Community Development Minister, the Honourable Nizam Baksh will formally open a four-day workshop on Islamic Insurance at 9.00 am at the Kapok Hotel in Maraval from Monday January 31, 2011. The program is being hosted by Straightway Consulting Limited, formerly Darul ILm Limited and will run until Thursday February 3, 2011.

"I am deeply honoured to be opening this programme," Minister Baksh said. "I know it will provide greater opportunities for a wider cross-section of our communities. To participate in the existing profit-driven system may be against Islam, but that does not mean Muslims are immune from tragedy. Government will therefore not rest until all of our brothers and sisters are catered for in the insurance system. We are about inclusion and prosperity for all. That is our central promise."

About the host:
Straightway Consulting was formed in 2007 to deal with training, education and consulting for the development of the Islamic Financial Sector in the Caribbean. In 2008 the company held its first Islamic finance training program, which was attended by representatives from First Citizens Bank, Central Bank, Ministry of Labour-Co-operatives Division, Darul Uloom – Islamic Studies, Manzil Co-operative, Clico and members of the public.
The company also had a visit from the leading from the leading scholar in Islamic Finance, retired Justice Muhammud Taqi Usmani APH, who met with Beacon and Central Bank to discuss Islamic Insurance. A program was set up, but has been placed on hold because of the Clico issue.

Straightway Consulting’s focus is on education and also product development and certification. The company’s current Managing Director is S Jamsheer Ali, with Christine Chanicka as Board Secretary, Ahmed Kasooji – Former Assistant General Manager of Tatil and other Insurance Companies and Farid Scoon – Attorney at law.

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CREDITS: Information sourced from release issued by Straightway Consulting Limited
Photo courtesy the Ministry of Community Development





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