Ahli Islamic announces tie-up with Al Madina Insurance Company
Ahli Islamic has signed a strategic agreement with Al Madina Takaful to offer a range of Takaful insurance products—travel, home, motor and domestic helper—that will ensure protection and cover for customers under the bank’s portfolio.
Yousuf al Rawahi, deputy general manager and head of Ahli Islamic says, “Ahli Islamic is delighted to partner with Al Madina Takaful to offer innovative Takaful solutions to its customers across Oman. We are committed to provide the most beneficial proposition for our customers based on their diverse requirements and it is with these customised plans that we are ensuring that their needs and expectations are met and fulfilled.”
The partnership with Al Madina Takaful is expected to widen the bank’s portfolio of products, thereby addressing the full range of its customers’ safety and welfare needs. ahli islamic’s insurance portfolio provides a variety of Takaful insurance products that can be tailored to safeguard policyholder’s assets and property from financial risks.
“Ahli Islamic will continue to explore new ways to bring a range of products and services and enhance our customer offerings,” Rawahi adds.
The Home Takaful coverage includes protection against natural calamities and offers optional building insurance cover.
Travel Takaful ensures that family vacations or business trips are completely secured with 24/7 worldwide protection. There are several plans, and the customers has a choice based on the needs such as geographical areas, emergency medical assistance and expenses.
A comprehensive Motor Takaful covers the loss or damage of an insured vehicle. It also offers compensation for thirdparty damages, such as a driver’s legal liability arising from the use of the insured vehicle, and UAE extensions and emergency roadside assistance.
The Domestic Helper Takaful provides life and medical cover for domestic helpers and ensures financial assistance to the insured member or his/her family in case of any eventuality.
Usama al Barwani, chief executive officer of Al Madina Takaful, said, “We are grateful towards the Ahli Islamic team for this strategic association. We are confident that it will enable a better quality and secure life for the people of Oman. With Ahli Islamic’s extensive network and customer base, we strive to reach out and serve a wider audience segment.”
Ahli Islamic abides by the ethics and values of Islamic finance, helping customers and communities to prosper and grow. It continuously focuses on innovative products and services.