SFW readers may wish to consider these business activities when deciding to do business with The Principle…

Principle Insurance Holdings has announced the conditional sale of subsidiaries, Principle Insurance Company (PIC) and Principle Marketing Services (PMS) to Al Salam Group Holding Company.

The Principle Group, which traded under the shariah-compliant Salaam Halal insurance brand, was originally authorised by the Financial Services Authority (FSA) in April 2008 and entered into solvent run-off in October 2009.

Al Salam is already a shareholder in Principle through its sister company, Ekttitab Holding Company.

http://www.broking.co.uk/insurance-age/news/1603361/shariah-compliant-insurer-aims-recommence-trading

 

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