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Salama Ties up with Allfunds Bank for Takaful Products
DUBAI — Salama-Islamic Arab Insurance Co., one of the region’s leading Islamic insurance companies, has joined hands with Allfunds Bank — the leading European Open Architecture platform — to offer world-class Takaful and Shariah-compliant funds across the Middle East.
As part of the tie-up, Salama will offer a select range of Shariah compliant funds intermediated by Allfunds Bank, along with its Islamic insurance cover on a common platform to suit the diverse needs of customers in the region.
The tie-up with the leading companies reflects the potential for world-class Takaful and Shariah-compliant investment funds to be available to Salama clients.
As a result of the tie-up, Salama customers will now have direct access to the largest Shariah range of Islamic funds through Salama products, thus diversifying their choice for investments. Allfunds Bank, with assets under intermediation of approximately Dh164 billion, is specialised in delivering Open Architecture solutions to banks, insurance companies, asset managers and independent financial advisors, by offering them as many as 16000 funds from 350-plus international and local fund houses on a purely automated dealing platform.
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