CII to Launch Takaful 

The Central Insurance company of Iran (CII), the regulator of the industry, plans to introduce Islamic insurance solutions, known as takaful.
"Our plan is to first introduce takaful in the form of insurance products. After that the High Council of Insurance [the top decision-making body of the industry] will study market feedback and probably approve the establishment of specialized takaful companies," Majid Behzadpour, head of the CII, was quoted as saying by the CII's website.
Introducing takaful is on the government agenda and the regulator is determined to pave the way for the entry of Islamic insurance solutions to the market.