UAE: Takaful Emarat signs bancatakaful partnership with Ajman Bank
Source: Middle East Insurance Review | Jan 2017
DFM-listed Takaful Emarat has inked a bancatakaful agreement with Ajman Bank which will see Takaful Emarat provide Shariah-compliant life and health insurance to the bank’s clients.
HE Mohamed Amiri, CEO, Ajman Bank, said: “This joint agreement in cooperation with Takaful Emarat is a true reflection of our focus and efforts to enhance the development of the banking insurance system and provision of reciprocal system complementarily between the two sides of banking products and insurance services, and support the work of Takaful UAE through banking channels by providing access to a wider segment of customers in order to leverage the fundamental pillar of the Islamic banking and Insurance.”
Mr Wael Al-Sharif, CEO at Takaful Emarat, added: “We are proud to partner with Ajman Bank, and are confident that Ajman Bank, being one of the fastest growing banks in the UAE, will help promote awareness and distribution of takaful across the country.”