HOT ON the heels of the Archbishop of Canterbury's remarks about Sharia law becoming more prevalent in the UK, Foneshield is launching what it claims is the first Sharia compliant mobile phone insurance policy.

The company claims that the policy will appeal to ethically aware consumers, not just upwardly-mobile European Muslims.

It introduced this new insurance product following research that showed 58 per cent of respondents were willing to opt for an ethical insurance policy.

Ethical compliance will cover the investment, participation and processes of the insurance cover. It will be sold directly online and through selected mobile phone dealers.

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