(MENAFN- Emirates News Agency (WAM)) Noor Takaful, the Islamic insurance arm of Noor Investment Group, has signed a Banca Takaful agreement with Ajman Bank, for the distribution of its innovative Sharia-compliant financial solutions to the bank's customers.
Under the terms of the agreement, Ajman Bank will offer Noor Takaful's range of protection, savings and investment products through multiple channels to its retail customer base. Ajman Bank will market Noor Takaful's Sharia-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."
Commenting on the agreement, Salem Al Shamsi, Group Head of Retail Banking in Ajman Bank, said, "We are so pleased to get united with Noor Takaful through this agreement, such partnerships assure Ajman Bank's commitment towards creating variable, convenient and Sharia-compliant channels to suite its customers' day-to-day requirements.
"By signing this agreement, we will be providing our customers, throughout Noor Takaful, with financial solutions and facilities such as education, medical etc., that are 100% compatible with Sharia," Al Shamsi concluded.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.