Islamic Arab Insurance, Dubai Bank Form Strategic Alliance
Salama to provide Dubai Bank customers with Sharia-compliant unit-linked funds
Islamic Arab Insurance Company (Salama), a provider of Sharia-compliant insurance solutions (Takaful), has entered into a strategic alliance with Dubai Bank. As per the agreement, Salama will provide Dubai Bank customers with Sharia-compliant unit-linked funds, through lumpsum investments as well as systematic investment plans.
Besides the comprehensive protection benefits offered under the scheme, the plans will also assist the bank's customers to save for short-and-long-term needs such as education, retirement planning and others, said the company.
Mohamed Amiri, Head of Retail Banking at Dubai, said: Offering a diverse range of consumer finance solutions, we seek to be an active partner, helping our customers meet their financial needs. Strategic partnerships with Sharia-compliant entities are central to our overall growth plans and value addition initiatives.
Related Insight
Suppliers Directory
Life Insurance & Pensions
Intermediaries Brokerage Underwriting London Lloyds
Reinsurance
Technology Technology in Insurance Outsourcing
Regulatory & Risk
Intelligence
Allianz SE (Allianz) is one of the leading global financial services providers, offering a range of banking, asset management and insurance services. The company was formerly known as Allianz AG. Allianz is the parent company for the Allianz Group of companies. The company is one of leading insurance providers in the property and causality, and life insurance in the global market. Allianz is one of the major players in the German insurance market. The company, combined with its subsidiaries, serves over 75 million customers in more than 70 countries across Europe, Asia-Pacific, America and Africa. The company's banking operations are conducted through Dresdner Bank AG and its subsidiaries. Global Markets Direct’s Allianz SE - Financial and Strategic Analysis Review is an in-depth business, strategic and financial analysis of Allianz SE. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed strategic analysis of the company. This highlights its strengths and weaknesses and the opportunities and threats it faces going forward. Reports Buy online from $125
Comments may be moderated for spam, obscenities or defamation.