Takaud-Takaful sign MoU

Takaud, the specialist savings, investments and pensions provider for the MENA region, and Takaful International, Bahrain’s pioneering Islamic insurance company, are partnering to provide Takaful’s individual and corporate life insurance clients with innovative Sharia-compliant investment solutions.

The new partnership will enable Takaful to provide customers of its unit-linked savings policies with the opportunity to invest the savings portion of their policy in Sharia-compliant growth, balanced or prudent investment strategies. In support of the agreement, Takaud will provide a complete range of services, along with tools enabling customers to identify their investment profiles. Takaud will also provide marketing assistance and training for Takaful agents and others who will be presenting these new investment strategies to customers. The memorandum of understanding (MoU) was signed by Takaud CEO Luc Métivier and Takaful CEO Younis J Al Sayed, at a ceremony held recently at Takaful’s Manama offices.

Métivier said, “Takaud is pleased to provide innovative Sharia-compliant investment solutions for the region’s leading provider of Islamic insurance.

Takaud’s experts have created a range of investment options that respond to the needs of clients requiring growth-oriented, prudent or balanced investments.”