• HSBC

Takaful experts at Solidarity discuss the concept of Takaful and the influential factors on the industry

Solidarity, one of the largest Takaful Companies, and the Bahrain Institute of banking and Finance BIBF partner to deliver a professional two days Takaful workshop.

TO be held at the BIBF on the 12th and 13th of December 2006 from 8:30 am to 1:30 pm.

Financial experts from Solidarity will share their insights on various issues related to the concept of Takaful, its products and services and the factors effecting the growth of this Islamic system of insurance and assurance. Their discussion will cover the necessary means required to develop this industry and hence making it the preferred choice for those interested to plan for their financial future with means that comply with Islamic Sharia'h.

Moreover, the workshop will discuss integral operation issues related to both Family and General Takaful, which participate in establishing the growth of this ever expanding financial Islamic system. An added factor in the Takaful workshop will be the participation and contribution of industry experts who represent the services departments including finance and marketing.

On this occasion, Mr. Sameer Ebrahim Al Wazzan, CEO - Solidarity, added, "Our continues support to the Takaful industry through providing such workshop is primed to highlight the importance of facilitating a conclusive informative means of communication for industry experts and those interested about the success of the Islamic financial industry, BIBF."

"The goal is to convene and discuss the future of the Takaful system, and to help enforce the need for leading Islamic financial institutions to co-ordinate their efforts to further advance this rapidly growing sector." added Al Wazzan.

Joining the Takaful workshop, Mr. Ashraf Bseisu, GM - Finance and Corporate Management/ Solidarity, commented:" Our drive for this first professional Takaful Workshop with the BIBF is to share information with today's industry leaders and build a solid bridge from different perspectives between manufacturers, suppliers and consumers."

Mr. Bassel Hanbali, Head of Corporate Communications & Marketing and workshop coordinator said:" What Solidarity hopes to achieve during this workshop is to capture the various opinions of financial professionals and industry experts aiming to help in the development of this industry. It is a given fact that any industry needs constant development to accordingly thrive and grow to meet with the changing needs of our societies. It is vital for us to constantly hold informative workshops which highlight and analyze these developments in accordance to the teachings of Islamic Sharia'h and in parallel to the fundamental changes in this industry."
 
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Notes and Media Contacts »

For more information, please contact:
Bassel Hanbali - Head of Marketing, Solidarity
Or
May Marzooq - Marketing Communications Officer
Yosra Abbas - Marketing Coordinator
Tel: +973 17 578777
Fax: +973 17 578787

About Solidarity
Established as one of the leading companies in the Arab world with US$ 100 million in paid up capital, Solidarity is one of the largest Takaful Company in the world. Solidarity has announced a capital injection to its paid up capital (US$100 million) of US$175 million increase and to its authorized capital (US$ 300 million) of US$200 million. The capital increase was approved at the company's Annual General Meeting held in the Kingdom of Bahrain.

Solidarity is a company incorporated under the laws and regulations of the Kingdom Bahrain. Our main purpose is to focus on providing Takaful products that comply with Islamic Sharia'h across the GCC and selected Middle Eastern, Asian, and European countries.

Solidarity has been set up in direct response to the growing demand for Family and General Takaful products across the region. Realizing the scope of this unique and ever-expanding Islamic system of insurance and assurance, Solidarity is poised to lead the way in providing a diverse range of prudent saving and investment opportunities with Takaful Protection Benefits - designed to give the ultimate peace of mind - ideally suited for retirement, wealth accumulation, education, and other family and individual plans. Along with the family related plans, Solidarity provides the utmost safety and protection against the widest possible risks through a range of General Takaful products like: Motor, Home, Marine, and health.

About BIBF
BIBF is a leading professional training Institute in Bahrain and the Gulf Region. It was founded in 1981 to provide essential training for the banking community in Bahrain. Since then it has evolved into an internationally recognized training and development organization where over 35,000 students have attended courses since its inception.

BIBF has been recognized as a provider of superior value, uncompromising high levels of customer satisfaction and results-oriented solutions.

BIBF has highly qualified faculty members of diverse nationalities devoted to advanced and enriching the human experience.

BIBF has delivered quality programs in countries around the globe including, for example, Saudi Arabia, Kuwait, Oman, UAE, Qatar, Malaysia, Indonesia and Sudan, and it has provided instruction to participants from over 50 countries at BIBF.

BIBF enjoys strategic relationships with internationally recognized professional organization which deliver programs jointly with BIBF. Among such organization, for example, are Federal Reserve Bank of New York, American Bankers Association, US Securities and Exchange Commission, NASDAQ, Darden Graduate School of Business (University of Virginia), DePual University, Bentley College, University of Wales, University of Cambridge International Examinations, Chartered Institute of Bankers, Chartered Association of Certified Accountants and Chartered Insurance Institute.

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