Nov 23 2010 |
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Ajman Bank and Noor Takaful in Exclusive Strategic Partnership to Provide Auto and General Takaful Services
Ajman, November 23, 2010: Ajman Bank and Noor Takaful, the Shari'a compliant insurance arm of Noor Investment Group , today signed a strategic partnership agreement for distribution of Noor Takaful's products through Ajman Bank . The Islamic insurance products will be available to customers through the bank's branches in Ajman and Sharjah, serving the Northern Emirates region, and its branches in Abu Dhabi and Dubai.
Mubashar H. Khokhar, CEO of Ajman Bank commented, "We are proud to be collaborating with one of the top takaful providers in the UAE. Ajman Bank has a reputation built on knowledgeable teams, a commitment to quality service, and a drive to deliver what customers want. In partnering with Noor Takaful today, we believe we are delivering on all fronts for our customers."
Parvaiz Siddiq, CEO of Noor Takaful commented: "Noor Takaful is pleased to be partnering with Ajman Bank to support the auto and general takaful protection needs of its customers. Customers of the bank will have access to best in class Shari'a compliant insurance products supported by an excellent service infrastructure. Strong distribution capabilities combined with an attractive product offering is a compelling business proposition and one made possible by a partnership of two like-minded companies. We look forward to finding ways to develop this relationship further in the future."
About Noor Takaful
Noor Takaful is the Shari'a compliant insurance brand of Noor Investment Group LLC. Through its 2 entities Noor Takaful Family PJSC and Noor Takaful General PJSC, it offers a broad range of Sharia'a compliant general and family takaful products. Noor Takaful's business model is founded on the Sharia'a principle of wakalah. Noor Takaful administers the process of participation, manages collection of the takaful contribution and processes the claims according to the contract agreed with the participants. In addition, Noor Takaful will also act as a trustee for investing funds in Sharia'a compliant structures to generate returns on the contribution paid. Noor Takaful aims to set new standards in the region's booming takaful industry with a focus on service innovation. Noor Takaful's products and services are governed by a Sharia'a supervisory board comprising of well-known Islamic scholars. For more information, please visit: www.noortakaful.com
About
Ajman Bank
:
Ajman Bank
is a young, agile Islamic commercial bank that 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.
For media enquiries, please contact:
Mohamed Tahboub
Associate Director, Financial Practice
Jiwin Public Relations
Tel: +9714 3613598
Mob: +97150 157 6868
Email: mohamed.tahboub@jiwin.ae
© Press Release 2010
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