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November 15, 2004

ING Not Launching Islamic Insurance

ING Life has decided against launching Islamic life insurance products - for now.

ING Life says it would have had to have charge quite a high fee to cover the complexity of producing Islamic, or Al-Takaful, products and the cost of putting them in place.

Managing director Naomi Ballantyne says the numbers do not stack up.

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Posted by Tom Troceen