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Pilot Islamic-compliant livestock insurance product in Africa pays pastoralists in drought-prone ken

Mar 25, 2014 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 Ksh 46 billion (USD 550 million)….read more.. For the first time in Africa, … Continue reading

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Insurance protects Kenya farmers from drought

Pilot insurance programme has been linked to a 33- percent drop in food aid required in northern Kenya.  Last updated: 26 Mar 2014 11:49 A new insurance programme in northern Kenya is helping farmers protect their livelihoods in dry seasons. Farmers who contribute to the scheme will be given payments should their livestock die. The … Continue reading

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Takaful Insurance makes history

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

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Insurance scheme gives hope to Africa’s herders

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

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Pastoralists get insurance payout for livestock deaths

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

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Africa’s first ‘Islamic-compliant’ livestock insurance pays 100 Kenyan herders for drought-related livestock losses

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