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Thursday, 17 April 2014

Oman: Maisarah set to provide new Takaful service to customers

Muscat: Maisarah Islamic Banking Services, the Islamic window of BankDhofar continues to take the lead in providing customers with Sharia compliant financial solutions and services. Its latest offering is the result of a recent tie-up with Al Madina Takaful to organise Takaful coverage for its valued customers.

Present at the signing ceremony were Abdul Hakeem Omar Al Ojaili, Acting CEO, BankDhofar, Sohail Niazi, Chief Islamic Banking Officer, Maisarah, Jamsheed Hamza, Head of Retail Banking, Maisarah and Saleh Nasser Al Riyami, Director of Al Madina Takaful and Gautam Datta, CEO of Al Madina Takaful, along with other representatives from both companies.

"Our newly forged partnership with Al Madina Takaful is bound to increase options for financial assistance and protection that are Sharia compliant and offer alternatives to conventional insurance.
We have taken the opportunity to expand our Sharia compliant product offerings and will work closely with our partners to ensure satisfaction of our customers," said Abdul Hakeem Omar Al Ojaili.

"We are proud to be in partnership with Al Madina Takaful to provide protectionsolutions to our customers under theTakaful model. This is in line with our commitment to provide a range of best financial solutions toour customers," commented Sohail Niazi.

Under the agreement, Al Madina Takaful will be offering motor Takaful, credit life Takaful, property Takaful and contractor all risk Takaful to Maisarah customers. The tie-up makes Maisarah one of the first few banks to provide a fully Sharia compliant coverage to customers with these banking products.

 Maisarah will be working closely with Al Madina Takaful, the first Takaful provider in the market to come out with innovative Sharia compliant products that exceed customer expectation.

Al Madina Takaful is the first Islamic Takaful provider in Oman. It is the new trade name and brand of Al Madina Insurance Company, following the latter's conversion to Sharia compliant insurance. As Oman's first providers of Takaful, the company offers a range of market-leading products and services to help individuals and businesses.

"We are proud to sign this partnership with Maisarah Islamic Banking Services, one of the pioneers in Islamic Banking in the country. Al Madina Takaful, being the first Takaful provider in the country, will work closely with the bank to provide best of class Takaful products and services to our mutual customers. We will also partner together in spreading awareness in the community on the principles and values of Sharia compliant financial services in Oman", said Saleh Nasser Al Riyami, Director of Al Madina Takaful. 

(Times Of Oman / 16 April 2014)
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