Noor Takaful Announces Cashback to Shareholders for Third Year in a Row

In line with its commitment to promoting ethical insurance in the country, Nigeria-based Noor Takaful has announced the distribution of cashback (surplus) payments amounting to over NGN 36 million to policyholders who did not make any claims.

Why it Matters?

Aminu Tukur, Vice Chairman at Noor Takaful, noted that the distribution of surplus to policyholders has continued to boost interest surrounding the Takaful market, with the number of participants growing daily. Muhtar Bakare, Chairman, Board of Directors at Noor Takaful, described the cashback to policyholders as a key milestone for the organisation, stressing that it has greatly assisted in unlocking the value of ethical insurance for both individuals and businesses in Nigeria. Tukur also noted...