FoneShield launches Sharia-compliant mobile phone insurance
Mobile phone insurance provider, FoneShield, have just launched a Sharia compliant of their mobile phone insurance product. I’m sure this will be of interest to muslim mobile phone users — and interestingly, anyone who’s on the hunt for a more ethical insurance policy.
I’m not entirely sure how FoneShield’s insurance is more ethical than, say, some insurance bought on the high street. But there you go.
Amian Moaven, Director at FoneShield explains:
“Sharia compliant products are one of the fastest growth areas of the financial sector - evident in the recent issue of Sharia compliant Government bonds. In addition, they also compel us to meet an excellent ethical standard for our business and the respective insurance product. We are very excited about being the first in Europe to offer it as an option.”
More at www.foneshield.net.
No idea about Sharia compliance but their instant quote was the cheapest I’ve seen so far.
Good luck to them!
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Posted by HeavyLight on April 10th, 2008 at 8:12 am.I’ll add this to this week’s round-up of insurance products. It looks cheap, but cover is very limited - no loss, no unauthorised call coverage, no coverage of accessories, a relatively high excess and no cover for theft from an unoccupied vehicle. They do offer a loan phone, but at £50 (the fee) I’d go and buy a cheap PAYG handset.
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