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Noor Takaful named Takaful Insurer of the Year in the MENA region

Second honour in a month for the UAE's leading Islamic insurance provider marks third anniversary of its launch

Dubai, February 4, 2012: For the second time in a month, Noor Takaful , the Islamic insurance arm of Noor Investment Group, has been named the leading Takaful operator in the region, picking up the Takaful Insurer of the Year award at the 2012 MENA Insurance Awards.

The prestigious award was presented to Noor Takaful 's Chief Operating Officer Andrew Greenwood at a VIP lunch, held at The Address, in Dubai. At the end of 2011, Noor Takaful , which celebrated the third anniversary of its launch in January, was named Best Takaful Operator in the GCC region, at the CPI Islamic Business and Finance Awards.

Dr Ahmed Al Janahi, Managing Director, Noor Takaful said: "The past 12 months have been a challenging time for the region's insurance market. Nevertheless, Noor Takaful has continued to make significant progress, building on a strong business foundation.. This latest award recognises the hard work and commitment of everyone at Noor Takaful to delivering excellence in all that they do."

Parvaiz Siddiq, CEO, Noor Takaful , said: "To have won two top regional awards in the space of one month, is truly amazing. At Noor Takaful we understand that the customer is king. As a result, we strive to provide customers with the most effective and innovative insurance solutions available in the market. These latest awards validate our belief that in just three years we have established ourselves as the leading Takaful insurance provider in the UAE, on par with the best in the MENA region."

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 2012