I slamic Insurance by African Islamic Finance Consulting, AIFC, will soon add to the numerous insurance companies in Cameroon and the CEMAC sub-region, proposing different insurance services to would-be clients. The company that seeks to contribute to the emergence of a new revolutionary economic dynamics that will positively modify the socio-economic environment of the country has obtained the agreement of the Minister of Finance to operate. The Islamic insurance (Takaful), which is a compartment of Islamic Finance, has its particularities which are quite different from classical insurance. To begin with, it draws its principles from the Sharia (Islamic Law) and the five major principles that makes it unique from classical insurance includes the sharing of losses and profit, prohibition of speculation, non-investment in games of chance and activities deemed unlawful by Sharia like alcohol, armament, hard drugs and pornography. Given that the insurance company will operate in a mutual system, promoters and customers are co-owners of the entity. In addition, the funds collected in the purchase of insurance services are processed at two levels; one part for risk coverage and the other part for investments in projects eligible to Sharia. More importantly, since clients of the insurance company will be joint owners of the structure, they are entitled to dividends at the end of the financial year. Though not yet operational in Cameroon, there are more than 280 Islamic insurance and 15 Islamic reinsurance companies in more than 60 countries. It offers both life and nonlife policies including asset, crop, flood, funeral, group personal accident, health, livestock, rural insurance scheme and unemployment amongst others.