At its meeting in June 2007 the ICMIF Development Committee approved the establishment of the ICMIF Microtakaful Support Centre . Since the establishment of the ICMIF development function in 1963 ICMIF has been involved in the setting up of 25 insurance schemes. As well as the wealth of experience available from its larger members ICMIF provides direct assistance through technical experts, training, capital, and lobbying at the regulatory level helping the basic insurance scheme grow and provide additional coverage and products. The cooperative values of self-help, solidarity and social responsibility are prominent in the principles of Takaful and the proposed microtakaful support centre is designed to utlise ICMIF's experiences and know-how in this area to extend protection to the poor.Support could be in the form of financial or technical assistance, retakaful, training, Shariah advice etc and can be decided on a case by case basis.
The following member companies have agreed to participate in the ICMIF microtakaful support centre:
- Amana Takaful Limited, Sri Lanka
- Best re, Tunisia
- Etiqa Insurance and Takaful, Malaysia
- Interpolis Nv, Netherlands
- Islamic Cooperative Housing Corporation, Canada
- Islamic Insurance Company, Sudan
- Islamic Takaful, Qatar
- MACIF, France
- Prime Islami Life Insurance Ltd, Bangladesh
- Prudential BSN Takaful Berhad, Malaysia
- RIMANSI, Philippines
- Shiekan Insurance company, Sudan
- Taakaful Trinidad & Tobago
- Takmin Working Group, Indonesia
- Takaful Re, United Arab Emirates
- Watania Cooperative, Sudan
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