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Islamic Arab Insurance, Dubai Bank Form Strategic Alliance

Salama to provide Dubai Bank customers with Sharia-compliant unit-linked funds

Islamic Arab Insurance Company (Salama), a provider of Sharia-compliant insurance solutions (Takaful), has entered into a strategic alliance with Dubai Bank. As per the agreement, Salama will provide Dubai Bank customers with Sharia-compliant unit-linked funds, through lumpsum investments as well as systematic investment plans.

Besides the comprehensive protection benefits offered 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, said the company.

Mohamed Amiri, Head of Retail Banking at Dubai, said: Offering a diverse range of consumer finance solutions, we seek to be an active partner, helping our customers meet their financial needs. Strategic partnerships with Sharia-compliant entities are central to our overall growth plans and value addition initiatives.