The Model Applied by the Company
HDI Participation Insurance Inc. conducts its insurance activities under the supervision of the advisory committee and within the framework of relevant legislation according to the following principles:
- Issues and risks that are not permissible according to religious law cannot be covered.
- Financial assets are managed within the framework of participation principles.
- Islamic corporate governance mechanisms (advisory committee, participation compliance unit, participation internal audit mechanism) must be established.
- Reinsurance, co-insurance, and retrocession activities are carried out with companies operating within the framework of participation principles.