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Bermuda could emerge as Islamic insurance and reinsurance leader, official says

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Belaid Jheengoor, an asset management executive in Bermuda, has said that Bermuda could emerge as an Islamic insurance and reinsurance leader, reported The Royal Gazette.

The Islamic insurance opportunity is "worth exploring," said Mr. Jheengoor. Many non-Islamic countries including South Africa, Ireland and Luxembourg, among others, are tapping various aspects of Islamic finance.

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