Posted by ummah on Mar 26, 2014 in Business & Money, Happening Now Pilot Islamic-Compliant Livestock Insurance Product in Africa Pays Pastoralists in Drought-Prone Kenya Long dry season takes its toll on livestock, over 100 herders compensated. WAJIR, KENYA (25 March 2014)—Yesterday, for the first time in Africa, an insurance policy that combines an Islamic-compliant … Continue reading →

Africa Tuesday 1 April 2014 – 5:49am NAIROBI – The son of a camel herder, Hassan Bashir knows how tough traditional life in Kenya’s arid north is, where pastoralists rely on livestock herds surviving boom and bust cycles of drought. But Bashir is also an astute entrepreneur, developing Africa’s first livestock insurance scheme to make … Continue reading →

By James Kariuki March 27  2014 Business Daily Africa One hundred families in Wajir have been compensated for livestock deaths linked to drought by a sharia-compliant insurance company. The Sh500,000 payout is aimed lifting pastoralists out of subsistence cattle-keeping to a business where they shall stop selling cattle at throwaway prices to brokers during drought in … Continue reading →

Susan Macmillan in ILRI News: March 30, 2014. Carbon based Climate Change Adaptation Today, for the first time in Africa, an insurance policy that combines an Islamic-compliant financial instrument with innovative use of satellite imagery is compensating Muslim pastoralists for drought-induced losses suffered in Kenya’s northeastern Wajir County, where livestock are valued at Ksh46 billion … Continue reading →