Dubai Bank in Takaful alliance with Salama

Dubai Bank has entered into a strategic alliance with Islamic Arab Insurance Company (Salama), a leading provider of Shariah-compliant insurance solutions, to expand its portfolio of Islamic insurance plans.

Under the terms of the agreement, Salama will offer Dubai Bank customers a wide range of Shariah-compliant unit-linked funds through lumpsum investments as well as systematic investment plans.

In addition to the comprehensive protection benefits provided 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.

"Adding a host of Takaful plans from industry experts such as Salama will greatly support our customers in realising their goals for the long-term financial protection of their families," said Mohamed Amiri, Head of Retail Banking, Dubai Bank.

Noel D'Mello, General Manager, Family Takaful, Salama, said: "The current global economic conditions have heightened the need for families to plan prudently for wealth protection and accumulation. Salama has specialised in customising systematic investments and savings-linked Takaful plans that provide good value."

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