UAE: Noor Takaful ties up with Islamic bank
Source: Middle East Insurance Review | May 2015
Dubai-headquartered Noor Takaful, the Islamic insurance arm of the Noor Investment Group, has signed a bancatakaful agreement with Islamic commercial lender Ajman Bank to distribute Shariah-compliant solutions.
Under the agreement, Ajman Bank will offer Noor Takaful’s range of protection, savings and investment products to its retail customer base. The bank will market Noor Takaful’s Shariah-compliant EduCare, LifeCare, Pure Protection and Smart Save plans.
Dr Ahmed Aljanahi, Managing Director of Noor Takaful, said: “This partnership with Ajman Bank will broaden our product footprint across the country, reinforcing our commitment to being at the forefront of the takaful sector in the Middle East. Being both globally portable and affordable, we are confident our products will have a strong appeal to the customer base of Ajman Bank. We look forward to a long-term productive relationship with Ajman Bank.”