(MENAFN- The Peninsula) International Islamic, one of Qatar's leading Shariah compliant lender, yesterday announced to have signed a health insurance contract for its employees and their families with Islamic Insurance as part of the bank's efforts enhance working conditions for its employees at all levels and helping them improve their performance and productivity, said a press statement.
The contract was signed by International Islamic (QIIB) CEO Abdulbasit Al Shaibei and Islamic Insurance CEO, Ali Ibrahim Al AbdulGhani at the bank's headquarters.
Present were International Islamic Deputy CEO, Jamal Abdullah Al Jamal and Chief Human Resources and General Services Ali Al Mesaifri along with Karim Saleh, Executive Director, Takaful insurance and Abdulla Fawzi Kamal, Executive Coordinator Development.
Al Shaibei said the bank's relationship with Islamic Insurance was strong. There are set targets and common tools for both Islamic banks and insurance companies. In Qatar, QCB governs both Islamic banks and insurance companies. This makes it easier for a strong partnership between Islamic banks and insurance companies. The contract signed between International Islamic and Islamic Insurance reflects this.
He said under the contract all bank employees and their families will be provided health cover through Islamic Insurance.
"We have chosen Islamic Insurance because of their quality of service, expertise and reputation in the market. We are confident Islamic Insurance is able to meet the expectations of its insurance policy holders."
Al AbdulGhani said: "We are proud of our being chosen by a distinguished bank like the QIIB to provide health cover to its employees and their families. We thank the top management of the bank for their trust in us. This shows we have improved our insurance service to international standards. We also have a strong reputation in the industry."
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