Takaful Emarat Customers to Have Access to World-Class Shariah- Compliant Funds Through the GCC's leading wealth manager

Dubai, United Arab Emirates, 13th July, 2011: UAE-headquartered Takaful Emarat, a Shariah compliant life and health insurance company, has announced their partnership with NCB Capital, Saudi Arabia's largest investment bank and the GCC's leading wealth manager, to make world class Shariah-compliant funds accessible to its customers.

As part of the alliance, Takaful Emarat will offer its customers a range of twenty one Shariah-compliant funds managed by NCB Capital.

Speaking on the announcement, Mr. Ghassan Marrouche, General Manager, Takaful Emarat, said: "Our partnership with NCB Capital, the largest investment bank in the Kingdom of Saudi Arabia, signifies our dedication to bringing our customers a competitive selection of Shariah-compliant investment products. The synergy resulting from our new alliance with NCB Capital will ensure that our customers can access a range of investment products to meet their diverse needs."

Hamed Fayez, Head of Asset Management at NCB Captial, said: "We look forward to a long-term and rewarding relationship with Takaful Emarat.  More and more clients are demanding access to world class Shariah-compliant investment products as important components of their portfolios.  We are delighted to be working with Takaful Emarat to help meet these growing needs."

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About Takaful Emarat:
Takaful Emarat was established in May 2008 as a dedicated Life & Health Islamic Insurance company, through a joint venture between 'Al-Buhaira National Insurance Co.' the UAE's leading insurance company, and UNIQA Group Austria, one of Central Europe's most trusted insurance brands.

About NCB Capital:
NCB Capital has over one million clients and SAR55.9 billion (US$14.9 billion) of assets under management (Dec 2010) - it is the largest wealth manager in the Kingdom.

The firm has grown its AUM by 23 percent since January 2010, adding SR6.8 billion which represents 95 percent of the total asset management market's growth last year.

Its strong links to parent group The National Commercial Bank, the region's largest, allow it unrivalled reach throughout the Kingdom and internationally.

For further information please contact:
Tina Flores, Action Global Communications
E  tina.f@actionprgroup.com
M +971 55 983 1423

© Press Release 2011