IslamicFinance.de

Barwa Bank has made a strategic partnership with Allianz Takaful, to become the first Islamic lender to offer a comprehensive range of Shariah compliant unit linked takaful products to customers.
The new product range contains children education, retirement, life takaful (life insurance / protection) and lumpsum investment plans.
A professional dedicated relationship manager will help the customers in selecting the best suited products taking into consideration their current and future financial needs.

Allianz Takaful and MedGulf are partnering for the markets of Bahrain and Qatar to further develop their insurance platforms. In order to start this, Allianz Takaful will transfer 75 percent of Allianz Takaful to MedGulf BSC (Bahrain).
The whole range of takaful and insurance products in the market of Bahrain and Life and Health products in Qatar will still be sold by Allianz Takaful.

HSBC and Allianz Takaful announced a Bancassurance partnership to promote Islamic insurance products in Qatar.
The bank will promote and sell ‘family Takaful products’ comprising plans for protection, savings, investment and children’s education. The products are denominated in dollars and riyals and are available to both conventional and Islamic banking customers.

Allianz Takaful has entered into Bancassurance partnership to promote Islamic insurance products in the State of Qatar. The company is fully owned by subsidiary of Allianz Group and HSBC Amanah.
The products will be denominated in US Dollars and Qatari Riyal and available to both conventional and Islamic banking customers.

Doha Bank and Allianz Takaful, a major player in the Takaful insurance segment have jointly announced a Bancassurance partnership to promote Islamic Insurance products in Qatar.
In a function held at the Head Office of Doha Bank R Seetharaman, CEO of Doha Bank and Dr Abdul Rahman Tolefat, Chairman of Allianz Takaful signed on the landmark Bancassurance partnership agreement. Through this arrangement the bank will promote and sell Family Takaful products comprising of plans for protection, savings, investment and child education developed and underwritten by Allianz Takaful. The products which are denominated in dollars and Qatari Riyal will be available to both conventional and Islamic banking customers.

Allianz Takaful is in talks with a regional Islamic institution, urging it to issue a sukuk bond earmarked for the industry, as it struggles to find long term issues in the market, its chief executive said. It has been difficult for takaful - or sharia compliant - insurers to sell products like annuities and pension plans because of the lack of long term Islamic bonds to match such liabilities.

Allianz Takaful, the regional subsidiary of Allianz Group, has announced the launch of its Middle East operations in Bahrain. The company will be offering Allianz's globally trusted financial services in full compliance with Sharia principles. The company will be introducing a variety of products starting from motor insurance to sophisticated items such as retirement and saving schemes.

Dr Abdul Rahman Khalil Tolefa is CEO.