"SALAMA Launches the Most Comprehensive Family Takaful Products"."SALAMA Launches the Most Comprehensive Family Takaful | Takaful is an Islamic insurance concept which is grounded in Islamic muamalat (banking transactions), observing the rules and regulations of Islamic law. Products"SALAMA Islamic Arab Insurance Company, the world's largest Takaful and Re-Takaful group, launched its new comprehensive yet affordable range of Individual Family Takaful products in the UAE (Uninterruptible Application Error) The name given to a crash in Windows 3.0. In subsequent versions of Windows, a crash was called a "General Protection Fault," "Application Error" or "Illegal Operation." See crash in Windows and abend. market. To suit every need and requirement, SALAMA developed a wide range of savings, protection and saving-cum-protection plans for individuals and families. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dr. Saleh Malaikah, the Vice Chairman of SALAMA, "Takaful and Re-Takaful industry worldwide has been witnessing rapid escalation es·ca·late v. es·ca·lat·ed, es·ca·lat·ing, es·ca·lates v.tr. To increase, enlarge, or intensify: escalated the hostilities in the Persian Gulf. v.intr. . SALAMA expects substantial growth during the next five years in the global Takaful and Re-Takaful industry to reach 50%, making it one of the fastest growing sectors of the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry in the Islamic world. We shall focus our efforts during the current year on the diversification of list of services through Family Takaful in all markets where we operate to take advantage of the growing opportunities available in the global markets." Focusing on the welfare of its customers, SALAMA has taken many measures to ensure their comfort and relief. It asserted flexibility, disclosure and transparency in handling the requirements by reducing the paper work to the minimum and making plans available in the local currency. SALAMA has also published quick turn-around times for new businesses. Finally, SALAMA has established state-of-the-art IT and support system departments and recruited highly qualified and experienced professionals to present the finest. In his commentary on the launch Mr. Parvaiz Siddiq, General Manager of SALAMA, UAE, said: "SALAMA, the world's leading group in Takaful and Re-Takaful has always endeavored to meet with the challenges posed by the growth of Takaful industry in the UAE. We are proud to announce our constant enhanced accomplishments which enlisted many changes and variations among which is our latest release of a range of solutions, all unit linked and all Shari'ah compliant. To provide a Shari'ah compliant safety net covering all aspects of ordinary life, SALAMA has developed a range of Family Takaful solutions serving needs for saving for retirement, for children education or for protecting one's home through mortgage protection plans. Other products and plans are also available to cater to specific needs and comfort of its patrons. Mr. Noel D'Mello, Head of Family Takaful commented, "It is due to the great efforts of the SALAMA team over a sustained period of time that SALAMA has been able to create and launch 7 individual Shari'ah compliant Family Takaful Plans in the UAE. We expect that this bouquet of products will offer a comprehensive alternate to conventional insurance be it in the area of Unit Linked Savings Plans or Protection. In addition to being Shari'ah compliant, the products offer 'good value for money' for the discerning dis·cern·ing adj. Exhibiting keen insight and good judgment; perceptive. dis·cern  ing·ly adv. investor. Our
offer to invest in Shari'ah compliant funds from across the globe
in different asset and risk classes also appeals to the ethical
investors. As a Takaful company we share all the proceeds of the
Underwriting Profits Underwriting profit is a term used in the insurance industry. It consists of the earned premium remaining after losses have been paid and administrative expenses have been deducted. It does not include any investment income earned on held premiums. with our Plan Holders thus making it an attractive
proposition to people from all walks of life.
About SALAMA Islamic Arab Insurance CompanySALAMA-Islamic Arab Insurance Company embarked from Dubai on its quest for Verb 1. quest for - go in search of or hunt for; "pursue a hobby" quest after, go after, pursue look for, search, seek - try to locate or discover, or try to establish the existence of; "The police are searching for clues"; "They are searching for the expansion through acquisitions and participation in a number of Takaful and Re-Takaful companies in many Arab and Islamic countries. Today SALAMA is the largest Takaful and Re-Takaful Group in the world with a capital of USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 300 million (in excess of AED AED - Automated Engineering Design 1 billion). Its financial strength can be gauged by "A-" rating that it received from AM Best and "BBB BBB A medium grade assigned to a debt obligation by a rating agency to indicate an adequate ability to pay interest and repay principal. However, adverse developments are more likely to impair this ability than would be the case for bonds rated A and above. +" by S&P. Among the prominent subsidiaries of SALAMA, is the wholly owned Tunisia-based BEST Re, the largest global re-takaful company, serving customers in more than 70 countries. [c] 2008 Al Bawaba (www.albawaba.com) |
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