The International Underwriting Association (IUA) welcomes Islamic Insurance Association of London (IIAL) in the face of Professor Mohammed Abdel-Haq, Director Centre for Islamic Finance, University of Bolton and Jon Guy, Secretary General, IIAL. This market briefings will highlight the opportunities open to London and why the City has a pivotal role in working with Islamic financial institutions and businesses to generate and nurture growth of commercial covers.

The London market has taken a significant step forward in its plans to deliver Sharia-compliant capacity for Islamic commercial risks. Having created and launched a set of Guiding Principles for the provision of Sharia-insurance and the transaction of sharia-compliant re/insurance in the London market, the Islamic Insurance Association of London (IIAL) recently participated in the launch of a new MBA in Islamic Insurance and Risk in conjunction with the Centre for Islamic Finance at the University of Bolton and the Chartered Insurance Institute (CII).

With guiding principles now published and following on from their November 2018 Conference, this IUA Market Briefing invites The Islamic Insurance Association of London to continue the examination of why London needs to create sharia capabilities. The global Islamic economy is currently worth over $2.3 trillion and IUA guest speaker will discuss the importance of the new MBA qualification.