Bahrain - Takaful Int'l signs agreement with Al Salam Bank-Bahrain
Source: Middle East Insurance Review | Nov 2016
Manama-based Takaful International has signed a strategic agreement with Al Salam Bank-Bahrain, paving the way for both Al Salam Bank and BMI Bank to offer its customers a suite of Shariah-compliant insurance products through its extended branch network within the Kingdom.
Present at the signing ceremony held at the Bank’s headquarter office in the Bahrain World Trade Center were Mr Anwar Murad, Deputy Group CEO – Banking of Al Salam Bank-Bahrain, and Mr Younis Al Sayed, CEO of Takaful International.
Speaking at the signing ceremony, Mr Murad said: “Our customers will now get access to Shariah compliant motor, property and travel insurance products at preferential pricing when applying at any of Al Salam Bank-Bahrain and BMI Bank branches. We will continue to invest in our business recognising the need for excellent customer service, a wide range of customer centric products and a strong network to support future growth.”
On signing the joint agreement, Mr Al Saye said: “I am delighted to sign this strategic agreement with Al Salam Bank-Bahrain as this unfolds a new horizon that provides the Bank’s customers with Shariah compliant insurance services. As part of the agreement, the Bank’s qualified and experienced professionals successfully completed their insurance training and are highly equipped to promote Shariah compliant insurance products within the Bank’s network of branches that will reinforce customers’ satisfaction with value-added insurance products under one roof.”