Malaysian Islamic reinsurer MNRB Retakaful forecasts that revenue from itsĀ overseas operations will exceed that of domestic operations in five years.

It particularly has its sights set on Indonesia, Brunei, Sri Lanka and Pakistan. Spreading Shariah insurance to these countries is perhaps not as much of a concern since each is already predominantly Islamic, but one should remember that Shariah is not altogether universal in all Islamic nations and introducing Shariah products into some Islamic nations still helps to spread Shariah by crowding out conventional businesses. Muslims are not required to patronize Shariah-compliant products where none are available, so the spread of Shariah products to Muslim nations spreads Shariah.

http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSKLR51950520091116

 

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