Dubai, UAE: 25 March, 2015 - 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 Shari'a 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 this 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 partnership assures Ajman Bank's commitment towards creating variable, convenient and Shari'a-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 Shari'a."

The four products will offer Ajman Bank's customers greater convenience and a range of innovative solutions. Noor 'EduCare' is an investment-linked plan designed to help customers invest and save money on a regular basis in order to meet their children's higher education expenses. 'LifeCare' provides Takaful cover for life to financially protect loved ones for the customer's entire lifetime. Noor 'Pure Protection Plan' gives customers the opportunity to safeguard the family's well-being should an unexpected death occur. Finally, Noor 'Smart Save' assists customers in investing and saving their money on a regular basis to meet future financial needs.

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About Noor Takaful
Noor Takaful is the Shari'a compliant insurance brand of Noor Investment Group LLC. Through its two entities Noor Takaful Family PJSC and Noor Takaful General PJSC, it offers a broad range of Shari'a compliant general and family Takaful products. Its contemporary approach to Islamic insurance has seen it provide a series of innovative products and services for its customers, including Motor Takaful, Medical Takaful, Travel Takaful, Commercial Takaful and Personal Takaful. Noor Takaful aims to set new standards in the region's Takaful industry with a focus on service innovation. Noor Takaful's business model is founded on the Shari'a principle of Wakala and governed by a Shari'a supervisory board comprising of well-known Islamic scholars. Noor Takaful is ISO 9001:2008 certified, and is rated BB+ with a stable outlook by Standard and Poor's. Besides this, Noor Takaful has won many national and international awards.

About Ajman Bank:
Ajman Bank is a young, agile Islamic commercial bank built on the values of integrity, trust and transparency. The bank provides a wide range of value-driven banking services in the UAE for individual, business and government clients, all in compliance with Shariah principles. Ajman Bank seeks out the market's best products, people and technology in order to deliver what customers want, how they want it, delivering real value and recreating that human touch lost in modern banking. Headquartered in Ajman and strongly supported by its government, Ajman Bank is the keystone of the emirate's economic development strategy and is in a position to benefit from its growth and potential like no other. Ajman Bank is committed to becoming a sustainable organisation in its truest sense, balancing care for the community and employees with the business of delivering value to its shareholders and customers.

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Gaurav Ghose
APCO Worldwide
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Sonali Rekhi
APCO Worldwide
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Email: srekhi@apcoworldwide.com

© Press Release 2015