UAE: Al Hilal Takaful appoints Emirates NBD Asset Management to manage its investments
Source: Middle East Insurance Review | Oct 2017
Al Hilal Takaful, a wholly-owned subsidiary of Bahrain’s Ahli United Bank (AUB), has appointed Emirates NBD Asset Management to manage its three risk-graded Shariah-compliant investment strategies.
Following the appointment, Al Hilal Takaful’s policies will be linked to three investment strategies, categorised as “conservative”, “balanced” and “growth”. The conservative strategy is a sukuk-focused mandate, while the balanced and growth strategies will access global sukuk, global and MENA equities and emerging markets.
Mr Emanuel Lantzos, CEO of Al Hilal Takaful, said: “We are motivated and inspired by opportunities that help our customers achieve their personal and family financial goals. This appointment is one such opportunity to generate consistent, positive returns for our clients over the long run, thanks to this multi-asset, multi-strategy link-up with Emirates NBD Asset Management, which offers one of the broadest range of Shariah-compliant fund managers in the region. We look forward to working closely with them for the benefit of our customers.”
Al Hilal Takaful is the Shariah-compliant arm of Al Hilal Life, originally established in 2009 as a joint venture between Legal & General Group and AUB before becoming a 100% owned subsidiary of AUB in October 2015. Emirates NBD Asset Management is the wholly-owned subsidiary of Emirates NBD Bank, one of the largest banks by assets in the MENA region in general and in the UAE in particular. M