Our insurance company is raising $2 million in capital to begin marketing automobile and homeowners insurance in the state of Illinois.
The company will operate in accordance with Shari'ah.
The company is being founded by Salah Hassan and Al-Van Nevel, both have proven strong experience in insurance industry.
The company will be based on direct marketing without the involvement of agents and will utilize the internet to reach its customers.
Management believes its niche strategy will prove highly successful and provide strong foundation for expansion into other states with a high concentration of Muslims.
It also believes that its interaction with the Muslim community will position it well for the marketing of additional product lines.