Social Responsibility
100% of our surplus will be used to support community development projects.
Ethical Transaction
We prioritize ensuring that premium funds align with ethical principles, avoiding industries like alcohol, weapons, certain foods, or gambling.
Fair Business Practices
Emphasis on transparency, fairness, and customer satisfaction, ensuring clear policy terms and effective dispute resolution in collaboration with our supporting insurers.
Ethical Insurance's Shariah-Compliant Solutions for Commercial Risks
Ethical Insurance is Canada’s first Shariah compliant insurance product provider aimed at Commercial Property liability and Constructions risks. We provide specialist Shariah compliant products and services to support the beliefs of a segment of our fellow Canadians as well as the commercial activities of the Islamic finance industry, and has a focus in the distribution of Shariah compliant insurance business across the country. Currently we are operating only in Ontario for Ontario based Clients.
Explore our Ethical Insurance Products
Commercial Property
Ethical Insurance proudly presents Shariah-compliant insurance solutions tailored specifically for Commercial Property Owners.
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Commercial Liability
At Ethical Insurance, we are dedicated to delivering insurance solutions that harmonize with ethical and Shariah-compliant principles.
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Construction Insurance
Construction Insurance offers Shariah-compliant insurance solutions crafted specifically to address the requirements of construction projects.
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Shariah Supervisory Board
The Shariah Supervisory Board here at Ethical Insurance is the heart of our product development and application and to this end Ethical Insurance have secured the services of qualified Shariah Scholars, who will provide all Shariah advisory services pertaining Ethical Insurance’s Islamic insurance business and programme. The Shariah advisors do not hold any executive function within Ethical Insurance, they remain independent and impartial. The Shariah Supervisory Board will act independently and advise on Shariah matters relating to the activities of Islamic insurance. The Shariah advisors will carry out a supervisory role of Ethical Insurance in relation to its Islamic insurance activities, ensuring that all the applicable Shariah principles, rules, pronouncements are correctly applied. A function of the Shariah advisor is to carry out an annual Shariah audit of Ethical Insurance’s activities relating to Islamic insurance and of each participating Islamic ‘window’ of subscribing conventional insurers to ensure continued compliance and issue a certificate of Shariah compliance to that effect.
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How Are We Ensuring Ethical and Shariah-Compliant Insurance Experiences
Here are some key aspects of the way we provide an ethical and Shariah Compliant insurance journey during the lifetime of the policy, and the policyholders or participants experience and what we believe will be the positive outcome of providing access to the products and service offered by Ethical Insurance:
Ethical Claims Handling
Contribute to social causes
Ethical Sourcing by our Retail Brokers
Impact Measurement