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Noor Takaful named Best Takaful Operator in the GCC

Second time in three years Noor Takaful has won the award
Dubai, December 26, 2011: Noor Takaful , the Islamic insurance arm of Noor Investment Group was named Best Takaful Operator in the GCC region, at the CPI Islamic Business and Finance Awards, held recently in Dubai.

It is the second time in three years that Noor Takaful has won the award. Noor Takaful has now won seven industry awards since it was launched in 2009.

Dr Ahmed Al Janahi, Managing Director, Noor Takaful said: "Despite the turmoil in the global financial system, Noor Takaful has achieved sustained growth over the past three years and it has consistently out-performed its takaful peers in terms of gross written premiums. Awards, such as this, remind us of the importance of continuing to deliver on our brand promise of excellence in everything we do, which has been and remains the cornerstone of our success."

Parvaiz Siddiq, CEO, Noor Takaful , who received the award from Abdulla Al Mansouri, Chairman of financial publisher CPI said: "We are honoured to have won this prestigious award, for the second time in three years. The region's insurance landscape is extremely competitive and this award is a testament to our commitment to the highest service levels and providing the most effective and innovative insurance solutions to our current and prospective customers."

Noor Takaful has committed itself to being at the forefront of the Takaful sector in the Middle East. Its contemporary approach to Islamic insurance has seen it provide a series of innovative products and services for its customers, including the GCC's first e-Takaful service providing instant quotes and online payment facilities.

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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. Noor Takaful 's business model is founded on the Shari'a principle of Wakala. 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 acts as a trustee for investing funds in Shari'a compliant structures to generate returns on the contribution paid. Noor Takaful aims to set new standards in the region's takaful industry with a focus on service innovation. Noor Takaful 's products and services are governed by a Shari'a supervisory board comprising of well-known Islamic scholars.

For more information, please visit: www.noortakaful.com

For media enquiries please contact:
Malcolm Ward
APCO Worldwide
Mobile: +0506246539
Email: Malcolm.Ward@apcoworldwide.com

© Press Release 2011