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Britain's first Islamic Insurance Company receives FSA Authorisation

Principle's Halal motor insurance will be available from the end of Q2 2008 and will be available on-line or over the telephone.

Genuine Need
Shariah Board
Growth of Islamic finance in the UK
Islamic financial products first appeared on the UK market in the early 1990s when the first Islamic mortgages were launched and recent years have seen significant development as more providers have entered the market.

The UK government also has a strong aspiration to make London the global gateway for Islamic finance. A level playing field is being encouraged by legislative changes made to accommodate the specific needs of Islamic financial products. These measures are increasingly giving UK Muslims an equal opportunity to access finance in compliance with their faith.

Principle's development of Islamic insurance products is another major step towards providing UK consumers with a better choice of Islamic and ethical financial products.

Principle Insurance background and biographies

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